last time i mentioned pl it shot from 906 to 950, 44 points X $50 per point == $2200 per share. Could this be our personal gold mine. PL like PA i very oversold IMO AND HAS DROPPED from ity's lasty rallty to S5 the extreme of The Pivots. many of my 120= ideas recently have shown how it is possible to 'win' close to 100% of the time buying at the extreme lows...
PL is vastly oversold, down from 2200 to 906, an we have a month of buying see the channel? Platinum is worth more than gold. It's a real bargain IMO.
This is actually an exercise in spotting the different kinds of days from Chapter 1 of Secrets of a Pivot Boss. Feel free to IM me if you disagree with any of my reads on the days. I think the idea might match a chart better where it doesn't show the globex session, so I will add another chart for SPY which only trades during cash market.
Tired of all the crazy manipulation of ES and NQ? This metal is poised to skyrocket. It's currently at 911 and I could see it going to 921 tomorrow. With 1 contract you'd make $500. This NYMEX commidity has been going down for a long time, is totally oversold, and already past confirmation, going up. I wanted to trade Palladian, but it is not for the faint...
When GLOBEX opened NQ shot up 60 points then rallied another 40 points.... Once again if we imply followed the plan the trade would have worked. The only time it doesn't work is when we overthink it and talk ourselves into doing the opposite. We have gone down basically 9 days in a row, I believe this is the signal to go long.
Prepare to go lower, there is a lot of short term support below the S5, so I think they won't go below 4107 tomorrow... But on the other hand I have a feeling that our Trading Plan will work out, we get a much deserved bounce, release all that tension and get many hours to 1 day of up, it's hrd to say 1 day up as we have seen most days we bounce off the highs AND...
From 2008 to 2021 price often ran along the top of all the EMAs, and went past R5 often. Now that we are in a bear market price runs under the EMAs andwe push past S5 once in a while. So the change is when I first shared my Trading Plan for how i use The Pivots i said buy S3 and S4, sell R3 and R4. The change is we should try and make more buys at S4 and even S5.
At least during the early part of the day, usually we slowly climb sunday evening and enter Monday AM far higher.
On each of these days those present in the SP 500 Room watched as we publicly followed the plan trading on a 1 hour chart, Selling R3-R5, buying S3-S5. During these bearish times we shorted during the days that paper sold, and recently we proved you can buy S5 safely and we documented how the trade went up till 2;15 Friday, then we shorted till the close. There...
I had an idea. We have had 4 days of selling, and the market moves in UP and DOWN waves, not a straight line. This idea is not based on fundamental analysis, news; more it is based on the Elliot Wave principle. I'm not suggesting you go long yet, just keep an eye out for an up day. If not today, maybe monday. My multipl year studies show Fridays tend to be...
Last night I tried this and we kept going down till 4 AM it was a terrible way to spend the night finally we got closer to my entry and did a small rally, i got out with minimal losses.. Well of course it shot up 15 pts. I waited for a reversal and got long rode it to the open more than making up for my loss. We all went short at pivet or some small R number and...
I favor the NQ for longs it is faster and first to the party, and less heavy. Tech is what is holding up this Economy with all the new buss about chatGPT, AI I Architected an AI SIEM/SOAR in 2003, long before QRadar or ArcSight or even Splunk... they didn't use AI the stored the logs in a database. My philosophy was that the SIEM security information event...
The ES1! just keeps getting trashed. Every attempt to take it up it met by an immediate selloff, and based on the volume it is the minions of the Billionaires or their lackeys doing it. we traders would love to short a higher high, or even pivot!! They don't want to give us that luxury. I wake up every few hours, always struggled with sleeplessness... It...
If you look at these trend lines and the candles, we could have a C wave higher, within the channel, and still continue to go down, if we go lower today as planned less wory, if we end up green we may have a day or two of buying.
Even though we have done trades publicly sometimes 3 in one day sometimes 1 some people complain that it is to difficult to understand or even that they don't work. Dozens have been grateful and praised how well this Trading Plan works, most of those were in private, and for some reason the ones who for whatever reason want to see this simple trading plan work. ...
I was reading the notes from the author of the Camarilla Pivots and was surprised to find he suggests using it differently than how I have been. He suggests selling R3 (instead of R4 or R5) and using R4 as a stop. Then getting out at S3. I don't think we would have gotten the same (good) results as we have been using the extremes to enter a trade, when you...
Yesterday at the close we hit S4 and so without any stress or agonizing over it (can we go higher, is this the right level) I loaded up on SPXS, which I use because it is cheap so I can make a decent profit with sheer number of shares. During the night and this morning I checked the market and Alerts were going off we had reached S5, so again, no stress just...
I have removed most of my indicators, just so that The Pivots are easy to see. Most of the time we trade between S4 (strong support) and S4 (strong resistance). We reached S5 and bounced, the rubber band is wound tight, to go up. It would be difficult to go back down to S5, if you are trapped in a short, you might want to take a small loss, rather than suffer...