Update on the systems: First off good thing the DVDS short
covered 1/2 yesterday. And we also had that 3rd system go long via
the SPY QE BTS but only took 1/2
that said - all the long systems are looking to close:
- Trend/Pullback for SPY and ES, and QE BTS for SPY
it is not, the issue with that system is the DVDS stop out is
like 0.98, which would require a good sustained rally to hit that,
would take out recent highs and go for a bit- which I would
rather not have folks sit through that. Nice that the system
reduced it's size by 1/2 yesterday and locked in some gains. I
could close it out but I also may choose to wait for a pullback
here then close out - but with that info you can choose to do what
you want
WOW, filled that 3rd thin zone, amazing! We filled 3 thin zones
today
think about this: your strategy was to go long every time ES
moved up into the thin zones with the assumeption that price would
fill it - I've seen that play out over and over again, love seeing
those thin zones
going forward I'll post these more often - and save the
Tradingview chart
I take up your offer. As a concept, take an entry in
supply or demand zone coupled with a weak momentum or divergence
for a reversal trade. Take another entry in the next supply/demand
zone. Wait for a move into the opposite zone to exit partially or
fully. This is provided that market is range bound within ichimoku
cloud on the weekly or monthly chart.
Buying pullback on a pullback to the nearest "strong" (based on
good volume spent there) demand zone if the momentum is strong and
indicate higher prices.
This could be subdivided further into 3 thirds of the
distance between the demand and supply zone. Do nothing in the
middle third, allow trades in the other thirds close to the
supply/demand zones on the first visit.
I will pass along your way good videos demonstrating this method
if I see them.
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System update
Posted by matt on 27th of Apr 2023 at 02:32 pm
Update on the systems: First off good thing the DVDS short covered 1/2 yesterday. And we also had that 3rd system go long via the SPY QE BTS but only took 1/2
that said - all the long systems are looking to close:
- Trend/Pullback for SPY and ES, and QE BTS for SPY
thanks for the heads up
Posted by morton7 on 27th of Apr 2023 at 04:20 pm
thanks for the heads up Matt, excellent trade! i had to pull over last night while driving and made the trade on the side of the road, lol...
Matt, is DVDS looking for
Posted by junkie on 27th of Apr 2023 at 02:39 pm
Matt, is DVDS looking for another drop in order to exit its position? I am referring to the proverbial wave C down as part of wave 4.
Edit: We might be following a path similar to that in November of last year.
it is not, the issue
Posted by matt on 27th of Apr 2023 at 02:41 pm
it is not, the issue with that system is the DVDS stop out is like 0.98, which would require a good sustained rally to hit that, would take out recent highs and go for a bit- which I would rather not have folks sit through that. Nice that the system reduced it's size by 1/2 yesterday and locked in some gains. I could close it out but I also may choose to wait for a pullback here then close out - but with that info you can choose to do what you want
hoping for something like this
Posted by matt on 27th of Apr 2023 at 02:42 pm
hoping for something like this
or price goes up and
Posted by matt on 27th of Apr 2023 at 02:45 pm
or price goes up and fills this 3rd thin zone - has rallied up to about 60% of it already, crazy
WOW price melting up into
Posted by matt on 27th of Apr 2023 at 02:58 pm
WOW price melting up into that thin zone. Those are so amazing! work all the time, just nuts
At your target, sheesh
Posted by racerick on 27th of Apr 2023 at 03:02 pm
At your target, sheesh
WOW, filled that 3rd thin
Posted by matt on 27th of Apr 2023 at 03:07 pm
WOW, filled that 3rd thin zone, amazing! We filled 3 thin zones today
think about this: your strategy was to go long every time ES moved up into the thin zones with the assumeption that price would fill it - I've seen that play out over and over again, love seeing those thin zones
going forward I'll post these more often - and save the Tradingview chart
Question is, where does it
Posted by racerick on 27th of Apr 2023 at 03:11 pm
Question is, where does it go from here, trying a short from 56.50. thanks for posting these Matt
racerick, look for pullbacks to
Posted by junkie on 27th of Apr 2023 at 03:16 pm
racerick, look for pullbacks to the rising uptrend line.
racerick - I added a
Posted by matt on 27th of Apr 2023 at 03:13 pm
racerick - I added a few shorts at the top of that thin zone, so far a little pullback
We had some decent ND
Posted by racerick on 27th of Apr 2023 at 03:35 pm
We had some decent ND on that last push up, but sure not in a hurry to pull back much.
From a fresh supply zone
Posted by junkie on 27th of Apr 2023 at 02:58 pm
From a fresh supply zone to a fresh demand zone, ... and back. A super profitable subsystem if only it could be coded in Tradestation!
write up the exact rules
Posted by matt on 27th of Apr 2023 at 02:59 pm
write up the exact rules with detailed examples and we can code it
I take up your offer.
Posted by junkie on 27th of Apr 2023 at 03:11 pm
I take up your offer. As a concept, take an entry in supply or demand zone coupled with a weak momentum or divergence for a reversal trade. Take another entry in the next supply/demand zone. Wait for a move into the opposite zone to exit partially or fully. This is provided that market is range bound within ichimoku cloud on the weekly or monthly chart.
Buying pullback on a pullback to the nearest "strong" (based on good volume spent there) demand zone if the momentum is strong and indicate higher prices.
This could be subdivided further into 3 thirds of the distance between the demand and supply zone. Do nothing in the middle third, allow trades in the other thirds close to the supply/demand zones on the first visit.
I will pass along your way good videos demonstrating this method if I see them.