Yes indeed. These are cash session statistics so they are based on the same market open and close times. I watch and track SPX in like with ES daily. Hope you can put these to good use. They have been invaluable to me.
Also saw you a new Subscriber. Big thanks and welcome! Any questions don't hesitate to ask. Have a great weekend
If a setup has occurred, it's best not to trade it again even if the mkt comes back to the same levels. Meaning it's best not to try and trade the same set up twice?
I'll do you one better. I'll make a video regarding SPX Specifically to give you my thoughts and Insights this weekend for the upcoming week. Also will answer you question regarding Friday later this morning. Just out for a morning walk with my dog right now. Talk soon
Thank u very much for the effort and professionalism!!. I just fed my pet cat dinner too (in Asia Pacific ).
1) Also could you share which time frame chart is best optimal for yr SPX daily trading plan. 1min/2min/5min?
2) At 1052am when SPX hit 6444, it was outside the Low of the Initial Balance 6491-6450, would tat meant to short subsequently whenever it fails to clear 6460??
3) Lastly SPX opened within the IB of previous day range, and was trending down pass 6467 (previous day IB low) at 1002am. Does that also indicate an actionable trade to short?
4) For the IB breakout trade setup, shld we use a consecutive red or green candles instead of high volume? How high is high volume? which volume indicator will best reflect the volume indication?
Just a quick count and simple analysis from 19th aug til 29 aug.
a) There were 2xIB breakout down days 30pts and 15pt and 1xIB breakout up day 45pts
b) 1xIB reversal ( failed breakdown) dayof 30pts
c) 5xIB rangebound days of 5/10/15/20pts
(Basically everyday there is action)
Sidenote, are u working with developers to have a sript or AI tat computes these data n signals? (hahah)
I have made a SPX video specifically for you. It will benefit everyone but if you have any questions please do not hesitate to ask. Have a great weekend!
does the above work for SPX directly as well? thanks
Yes indeed. These are cash session statistics so they are based on the same market open and close times. I watch and track SPX in like with ES daily. Hope you can put these to good use. They have been invaluable to me.
Also saw you a new Subscriber. Big thanks and welcome! Any questions don't hesitate to ask. Have a great weekend
thank u for having me and the prompt reply.
I got lucky on Fri session and went long at 6450 but i didnt really know 100% why.
How wld you reconcile friday 's SPX price action with your SPX daily actionable trading plans you wrote at premkt.
(I think the closest set up was the 6450 'watching level''??
I used to hear this somehow n somewhere
If a setup has occurred, it's best not to trade it again even if the mkt comes back to the same levels. Meaning it's best not to try and trade the same set up twice?
Wld this apply to yr actionable trades??
That is correct. We only take trades on first touch. "First test is the best test"
I'll do you one better. I'll make a video regarding SPX Specifically to give you my thoughts and Insights this weekend for the upcoming week. Also will answer you question regarding Friday later this morning. Just out for a morning walk with my dog right now. Talk soon
Thank u very much for the effort and professionalism!!. I just fed my pet cat dinner too (in Asia Pacific ).
1) Also could you share which time frame chart is best optimal for yr SPX daily trading plan. 1min/2min/5min?
2) At 1052am when SPX hit 6444, it was outside the Low of the Initial Balance 6491-6450, would tat meant to short subsequently whenever it fails to clear 6460??
3) Lastly SPX opened within the IB of previous day range, and was trending down pass 6467 (previous day IB low) at 1002am. Does that also indicate an actionable trade to short?
4) For the IB breakout trade setup, shld we use a consecutive red or green candles instead of high volume? How high is high volume? which volume indicator will best reflect the volume indication?
Just a quick count and simple analysis from 19th aug til 29 aug.
a) There were 2xIB breakout down days 30pts and 15pt and 1xIB breakout up day 45pts
b) 1xIB reversal ( failed breakdown) dayof 30pts
c) 5xIB rangebound days of 5/10/15/20pts
(Basically everyday there is action)
Sidenote, are u working with developers to have a sript or AI tat computes these data n signals? (hahah)
Manually is tough man LOL
I have made a SPX video specifically for you. It will benefit everyone but if you have any questions please do not hesitate to ask. Have a great weekend!
Thank you! I watched the video and read the script too.
1) so basically you do not do day trading?
2) generally speaking the daily plan on Fri did not work out. No rally from 6460 to 6470/75? Is it fair to say this?
.