On the flop side, if $SPX price breaks below 10d SMA intraday w/ volume, 10d SMA would become R; STFR on every weak re-test of 10d SMA using orderflow
Strong R if 10d SMA also confluent w/
1 pivot/R1/R2
2 fib .38 .50 .61
3 day/wk S/R
4 S/D
5 POC/VAH
6 trendline
7 it's coming😎
Strong R if 10d SMA also confluent w/
1 pivot/R1/R2
2 fib .38 .50 .61
3 day/wk S/R
4 S/D
5 POC/VAH
6 trendline
7 it's coming😎
Be careful
10d SMA only works for $SPX for now in a relentless rigged fake trade deal & fake translation period
For highly trending stocks, I found 20d SMA (confluent with other S/Rs) would be good
For choppy stocks, 50d SMA
Use MTF for trend detection - trend is your friend
10d SMA only works for $SPX for now in a relentless rigged fake trade deal & fake translation period
For highly trending stocks, I found 20d SMA (confluent with other S/Rs) would be good
For choppy stocks, 50d SMA
Use MTF for trend detection - trend is your friend
All strong trends would end abruptly
So before each trade, set your profit target & stop loss making sure R/R>2 for short-term day/swing
Even you only have 50% win rate, you're still way ahead
Of course, you will have at least 80% win rate if rules are followed😎👍Emotionless
So before each trade, set your profit target & stop loss making sure R/R>2 for short-term day/swing
Even you only have 50% win rate, you're still way ahead
Of course, you will have at least 80% win rate if rules are followed😎👍Emotionless
Short-term trading is:
1 probability
2 psychology
3 discipline
4 confluence
If one lacks an edge in trading, forget it
Probability has to be on one's side from past data analysis
Discipline & risk mgmt are must with controllable emotions, no fear & greed; just data dependent
1 probability
2 psychology
3 discipline
4 confluence
If one lacks an edge in trading, forget it
Probability has to be on one's side from past data analysis
Discipline & risk mgmt are must with controllable emotions, no fear & greed; just data dependent
If anyone tell you, just BTFD because the Fed is behind the market, forget it
Be contrarian to these advises
If everybody tell you the same, hmm blow-off top & #Volmageddon is around the corner; all-in one sided trading like record short VX
The greatest contrarian indicator
Be contrarian to these advises
If everybody tell you the same, hmm blow-off top & #Volmageddon is around the corner; all-in one sided trading like record short VX
The greatest contrarian indicator
Nov 10
$AAPL
BTFD on 10d SMA, it would also work good on $AAPL 1H chart on up-trend.
On the flip side, STFR on 10d SMA retest should also work great for $AAPL on down-trend.
$JPY (inv) also a good confirmation signal for $AAPL
Strengthening $JPY --> Weaker $AAPL
$AAPL
BTFD on 10d SMA, it would also work good on $AAPL 1H chart on up-trend.
On the flip side, STFR on 10d SMA retest should also work great for $AAPL on down-trend.
$JPY (inv) also a good confirmation signal for $AAPL
Strengthening $JPY --> Weaker $AAPL
Nov 11- $SPX magic 10-day SMA
Today's $SPX 10-day SMA is around 3070.
Trade accordingly. 😎
Today's $SPX 10-day SMA is around 3070.
Trade accordingly. 😎
