Mark ... Everything you have been told is a LIE
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DislikedAnd the SP500 - back up like a yo - yo....that pattern again {image}Ignored
DislikedKeeping it tight today....2 shorts on SPX done in 20 minutes. Seen this happen enough to sell the top as it took out prev NY high. Tags the higher TF MA as shown on my colored chart is signal for me... Yes I use MA's as confluence confirmations on some trades... The 200MA and the 1000MA simple... I use on the 1M so the 1000MA shows me the 5M 200MA And etc on the 5M chart...So thats what that MA is that gets tagged on the 5M Anyhoo thats my trading day done.... Cheers Blue {image}{image}{image}Ignored
DislikedKeeping it tight today....2 shorts on SPX done in 20 minutes. Seen this happen enough to sell the top as it took out prev NY high. Tags the higher TF MA as shown on my colored chart is signal for me... Yes I use MA's as confluence confirmations on some trades... The 200MA and the 1000MA simple... I use on the 1M so the 1000MA shows me the 5M 200MA And etc on the 5M chart...So thats what that MA is that gets tagged on the 5M Anyhoo thats my trading day done.... Cheers Blue {image}{image}{image}Ignored
Disliked{quote} One thing that will help is to use the knowledge in a way that you feel comfortable. I started with H/L and candle patterns and looked and looked and looked and looked some more until I felt confident I could ID them live. Now I need to learn to be more patient and get the hit rate way up there. You really have to make the methods your own. I can vouch for the fact that attempting to directly copy a method does not work.Ignored
DislikedKeeping it tight today....2 shorts on SPX done in 20 minutes. Seen this happen enough to sell the top as it took out prev NY high. Tags the higher TF MA as shown on my colored chart is signal for me... Yes I use MA's as confluence confirmations on some trades... The 200MA and the 1000MA simple... I use on the 1M so the 1000MA shows me the 5M 200MA And etc on the 5M chart...So thats what that MA is that gets tagged on the 5M Anyhoo thats my trading day done.... Cheers Blue {image}{image}{image}Ignored
Disliked{quote} One thing that will help is to use the knowledge in a way that you feel comfortable. I started with H/L and candle patterns and looked and looked and looked and looked some more until I felt confident I could ID them live. Now I need to learn to be more patient and get the hit rate way up there. You really have to make the methods your own. I can vouch for the fact that attempting to directly copy a method does not work.Ignored
Disliked{quote} Yes your last paragraph is so true. It's like I always say it's you vs you..... So we really need to make our methods and setups our own and not try to directly copy somebody else's ways. . Another little tidbit speaking of indices., Is if you're Trading SPX it's wise to watch the US 30.. for the simple fact that the setup might be more clear on either one which you may not see if you're just watching the SPX for example... A good example was this morning just on the equity open us 30 ran down made a nice Wick off the 200MA .. I was very...Ignored
Disliked{quote} Being new (again) to this type of trading I am having the best time in a while. This entire PA game is beyond fascinating. Since coming back to it from a different angle this time it has made a world of difference. I would challenge anyone to delve into this world. I am having so much fun that I am starting the Brooks 3 book series again. I am already seeing ways the two stocks MSFT/APPL can help. Will need to work on this some more. Like now it is coming down (thanks Fed) again. I used S/R (yeah I used those words) from the stocks,...Ignored