JI
jimkane
Rep: 3,058
Posts: 33,089
I'd say a turn within 50 cents of a price level on a 540 stock pretty much nails that rabbit down in the big field within say a few square feet... Insanely great, in my opinion. But, I think what we do in here is.
RA
rat89
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Posts: 7,015
amazing....I've never even heard of spxu! thank you roofer.....seeing some of what's important, and seeing ALL the pieces and putting it together into a coherent tradeable overview is something else entirely....how you know to expect the trick of spreading the setup across various indexes....I've said it before, if I get to know 1/10 of what you know eventually I will be a happy rat!
I certainly saw the .447 on qqq in two time frames....on the big drop, kicked off by a 1.128 at the top, the bounce went right to .447 of the move from 5983 to 4993 at red arrow on the 60 minute chart...at line
then....on the 5 minute....at that 5442, it was also 1.128....sent it down to hit median line target....bounce back up into the .447 at red line
I certainly saw the .447 on qqq in two time frames....on the big drop, kicked off by a 1.128 at the top, the bounce went right to .447 of the move from 5983 to 4993 at red arrow on the 60 minute chart...at line
then....on the 5 minute....at that 5442, it was also 1.128....sent it down to hit median line target....bounce back up into the .447 at red line
TX
tx_ches
Rep: -10
Posts: 514
Thanks for the teaching, roofer. I didn't know about spxu either. But even if I had, I was not looking for the green set to already be in place. Faulty analysis on my part! I'm here to keep learning as long as you are teaching. I'll absorb as much as I can. Thank you for sharing some of your great knowledge.
RO
roofer
Rep: 3,689
Posts: 3,574
rat- here is my mind set... this is why i set up my scan the way i do... i simply do not know IN ADVANCE which index the computers will use to signal their intent... i just sit here day after day with one purpose in mind... to use the tools to lead me to hitting the algo's... yesterday morning i said there were a pile of completed abcd's saying price IN GENERAL BASED ON THE INDEXES. had to make a new high... so i prepared my self to find the algo's once that happened... the clearest, or in my mindset, the ones the computers used to signal intent, were the TWM and SPXU...
RA
rat89
Rep: 0
Posts: 7,015
thank you for reinforcing that roofer.....on your advice I keep a browser window with tabs, each of which has multiple charts grouped by timeframe....when you get used to charting the tools after a while you can just see the levels in a chart with no notations just by looking....at least see which of the group are worth zeroing in on
once again, i am deeply appreciative of the time you and jim take to share your knowledge here
once again, i am deeply appreciative of the time you and jim take to share your knowledge here





