S&P 500 daily watch

[Walther]

Drop started before 12:30 but that is how triangles work. Breakout is never at the tip .

 

[Walther]

Quote from Walther:

Today was unusual day, this kind of price movement is very hard to daytrade because it requires longer then usual holding periods.
Signals for tomorrow are 9:45, 10:50, 13:40 and 14:00est

What can I say, I was nailing them today, last two signals were right on. On the day like this , sometimes,I get all misty .
Look at signals on 5 min chart.

 

[Walther]

Signals for Friday are : 9:40, 10:10, 12:05 and 13:00est.

 

[Walther]

Did we see daily high at 10:00 ? Signals were just a few min late. New signal is at 11:25est .

 

[VOLUME]

"Signals were just a few min late."


Then they were worthless.

 

[Walther]

Signal at 11:25 was right on. To follow signals , use 5 min chart, If you watch 1 min charts and do not have experience with intraday price movement, you will get confused . 5 min charts show trend of CCI and 20ma much better.

 

[balda]

Quote from Walther:

Signal at 11:25 was right on. To follow signals , use 5 min chart, If you watch 1 min charts and do not have experience with intraday price movement, you will get confused . 5 min charts show trend of CCI and 20ma much better.

at 11:25 one min bar high 1147.50 low 1147.00
4 min later low 1145.50
19 min after the signal high 1148.50 so how do you trade it where did you buy and where did you sell?

 

[Walther]

Balda,
What would be your bias after you looked on 5 min and 1 min charts ? Would you buy or sell ?

 

[Walther]

Last signal for today is at 14:50

 

[Walther]

Signals for a Tuesday are at : 10:20,11:45, 14:25est