some of you have this indicator (junkie I think) some others. I
have it on those various TradingView charts - well pretty much all
of them. I'll eventually make the indicator available
however to me it's a very useful indicator not just for
support/resistance, but my favorite trade is when price breaks
through the resistance cycle - that signals wave 3 breakout
been doing these manually but here's a system I wrote to go long
on the break of those resistance cycles - shows 3 min chart of MES,
taking 10 contracts and scaling out
I'll be turning this on during days when I think it's a trend
day to catch those, and probably have it off on most chop days
man I'm good at developing systems - I'd be happy if some hedge
fund just hired me to work in the lab all day to come up with
systems for them, and they pay me the big bucks for it LOL
Yeah, you are very good at developing systems, Matt! We should
crowdfund your services for those subscribing to this site. Are
there any takers for this service :-) ?
And yes, a definition of wave 3 is breaking out above resistance
or below support. This fact is known or understood by few.
Cycle indicator - resistance breakout focus
Posted by matt on 5th of May 2023 at 03:14 pm
some of you have this indicator (junkie I think) some others. I have it on those various TradingView charts - well pretty much all of them. I'll eventually make the indicator available
however to me it's a very useful indicator not just for support/resistance, but my favorite trade is when price breaks through the resistance cycle - that signals wave 3 breakout
been doing these manually but here's a system I wrote to go long on the break of those resistance cycles - shows 3 min chart of MES, taking 10 contracts and scaling out
I'll be turning this on during days when I think it's a trend day to catch those, and probably have it off on most chop days
man I'm good at developing systems - I'd be happy if some hedge fund just hired me to work in the lab all day to come up with systems for them, and they pay me the big bucks for it LOL
Yeah, you are very good
Posted by junkie on 5th of May 2023 at 03:34 pm
Yeah, you are very good at developing systems, Matt! We should crowdfund your services for those subscribing to this site. Are there any takers for this service :-) ?
And yes, a definition of wave 3 is breaking out above resistance or below support. This fact is known or understood by few.
Matt.. Do you mind sharing
Posted by arun on 5th of May 2023 at 03:18 pm
Matt.. Do you mind sharing this indicator please