earlier today I did an impromptu Zoom meeting with one of the
BPT subscribers and gave a live demonstration of my MA ribbon
pinch/cycle system - which is oppositive of chasing breakouts or
breakdowns, it's like buying a pullback into support with a very
tight stop, or shorting a bounce into resistance with a very tight
stop. The breakout and backtest method basically but very
refined and simple, does not use bunch of indicators where you have
analysis paralysis, it focuses on price action and uses a two
confirmation methods. It's fractal and works on any time
frames that suit your trading style and can be used on stocks,
ETF's, futures, ODT options etc. showed a few examples today and he
did one example live on a short time frame that worked out
perfectly.
he commented that he was going to reply to my original post from
last week, I responded first to let folks know he would be
commenting on it
Can you post a link to a tradingview chart with these? Seems as
most of the ribbons,etc are either stockcharts or the one you use
for multiple charts. If I'm mistaken just let me know. I made the
move to tradingview...really should've stayed at StockCharts..to
utilize the ones posted in newsletter, etc. Thanks...just at your
convenience.
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earlier today I did an
MA ribbon pinch/cycles trading system
Posted by matt on 1st of Apr 2025 at 01:43 pm
earlier today I did an impromptu Zoom meeting with one of the BPT subscribers and gave a live demonstration of my MA ribbon pinch/cycle system - which is oppositive of chasing breakouts or breakdowns, it's like buying a pullback into support with a very tight stop, or shorting a bounce into resistance with a very tight stop. The breakout and backtest method basically but very refined and simple, does not use bunch of indicators where you have analysis paralysis, it focuses on price action and uses a two confirmation methods. It's fractal and works on any time frames that suit your trading style and can be used on stocks, ETF's, futures, ODT options etc. showed a few examples today and he did one example live on a short time frame that worked out perfectly.
he commented that he was going to reply to my original post from last week, I responded first to let folks know he would be commenting on it
You show these, but on
Posted by mugsy on 1st of Apr 2025 at 02:26 pm
You show these, but on TradeStation I believe. How do we who do not have TS use it?
Can you post a link
Posted by profmel on 1st of Apr 2025 at 02:07 pm
Can you post a link to a tradingview chart with these? Seems as most of the ribbons,etc are either stockcharts or the one you use for multiple charts. If I'm mistaken just let me know. I made the move to tradingview...really should've stayed at StockCharts..to utilize the ones posted in newsletter, etc. Thanks...just at your convenience.