Update on SPX
I'm posting this because I'm unsure if you guys get a notification when I update a chart. I'm in the range now where I'll take profit; the next play will come on the MACD twist. our S. RSI and RSI are both showing HOT divergences but I'm waiting for a bottom break on the RSI to trigger a momentum shift and twist in the MACD. (Eyeing 2830 as the area)
I've gotten a few messages about everything I use when charting; it all varies between markets. I find some tools more valuable than others depending on a few factors. Mainly Volatility and Volume. Also people ask me where my stop-loss and exits are; these are not signals and we have different risk tolerance. If you want advice in that regard never take a trade under 1:2 R/R, if you don't know that yet hit the books before getting back to trading.
If someone who follows me and is contact with me could message me and let me know if they got the update on my previous chart it would be greatly appreciated.
Rollin.
I've gotten a few messages about everything I use when charting; it all varies between markets. I find some tools more valuable than others depending on a few factors. Mainly Volatility and Volume. Also people ask me where my stop-loss and exits are; these are not signals and we have different risk tolerance. If you want advice in that regard never take a trade under 1:2 R/R, if you don't know that yet hit the books before getting back to trading.
If someone who follows me and is contact with me could message me and let me know if they got the update on my previous chart it would be greatly appreciated.
Rollin.
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