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elovemer
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Everything posted by elovemer
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....that would be great.
rule of ten. last pivot.... then ten points. is a signal.
9-10 points. stop is 3 points.
no entries at the close.
if 3 points from pivot.... move stop to the turn.
if 3 points from actual entry... move stop to actual entry.
targets are 3 points, 5-6 points, then 9 points
10 points is reverse position
10 points from prev 4 pm close is also important when volatility is high.
on gap opens, count starts from the open... does not include gap.... unless gap is 1-2 points.
best signals happen at the open.... or shortly after the open.
in a trending market.... only take signals in direction of trend.
for example if trend goes 20 points one way .... look to enter on a ten point retrace.
6 points target is 80% win rate 10 point target is 33% win rate
preferred charts are 5 min spx cash chart.... alongside a 5min globex chart of ES contract
and maybe a 5min IWM chart
no indicators.
except maybe a 100ema
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great. send me a pm and i will fill you in.... as much as you would like. today thursday.... spx 1305.53.......... 1315.53 short signal es 1301.5.......1311.5 short signal es globex 1306....1296 long signal
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violation of buy day low friday is buy day long below thursday low .... low made first maybe around globex low
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stuck like a piglet .................. ................... ...................
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low made first.... wednesday.... sell day ......... may be a violation of buy day low
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a 20 point move up .... could be bullish a 10 point move up .... could still make new lows tuesday close or wednesday QUOTE=elovemer;124054]tuesday is next buy day low made first long below monday low
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stop 1326 on both current price 1336 Originally Posted by elovemer limit order enter long 1337 spx cash stop 1324 ................................ long 1331 long 1337
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tuesday is next buy day low made first long below monday low
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2nd buy limit ..........spx 1331 stop 1321 for tuesday
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stop moved to 1326 current price 1341.5
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limit order enter long 1337 spx cash .................. stop 1324
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rule of ten is alive
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thursday is buy day low made first low below prev day low
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high made first on wednesday..... is a short against the trend.... ---------------------------------------------------------------------- but it is only the 2nd day up from the low a new high on thursday... would be 3rd day up from the low and a higher percentage play for a short
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monday buy day..... looks like it might be the swing turn next buy day is very important or any 10 point pullback on cash ------------------------------------------------------------- if the up trend is not back yet.... then SS day on wednesday has the gap below to fill
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monday so far so good ...closed up from the low .... but not near the high of the day close is no where near the previous day's high ------------------------- next play is either... buy day low violation... or high made first on SS day
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buy day monday ... on a low made first below friday low
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buy day wednesday ... did not penetrate the previous low and did not make a low first ------------------------------------------------------------------------ thursday sell day .... penetrated the previous low which didn't happen on buy day but the high was made first -------------------------------------------------------------------------- value area is set now .... scalp long on short sell day friday on a low made first
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today wednesday buy day a long is a low made first .....below tuesday low ........................................................................... today's gap up is a short scalp in a downtrend on a high made first ......................................... next play could be on short sell day ... on friday
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this target also puts sugar on a path to completing an even larger wolfe wave on the monthly chart for a massive drop
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today friday ..... buy day has put in a low after SS day gapped up this low and the low of the previous sell day .... represent value for a test of the low on monday sell day
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have a decline on buy day but with gap above .... if the gap closes..... will be unlikely to test the buy day low on monday which would be the ideal setup -------------------------------- the previous low for a test on buy day today .... is the low of sell day... wednesday
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SS day is to put in a low .... to set up a test of the low on buy day on thursday.... no low was put in... and the gap up makes it more difficult
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my mistake. count stays the same. so if buy day was tuesday, then next buy day is friday if no decline on friday, then decline moves to monday but count stays the same
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monday was a holiday.... so buy day is tuesday no decline on tuesday .... so decline moves to wednesday..... delayed buy day ... but the count stays the same wednesday .... long below tuesday low thursday is sell day and friday is short day .... monday is next buy day