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way to go! Looks like this indicator will force me to have some patienceI used this for SPY and entered using a 4 Minute chart (for entry and exit) and also had a 10 Minute chart (to see larger x1, x2, x3 and x4) next to it.
1. 4 Min chart showed entry yesterday 4/12 at 14:52 with 1)an up triangle. 2) Green Donachain 3) above close above green entry line.@14:55PM @438.24
2. I patiently waited till this morning 4/13 until the price came back and hit the dotted purple line at $438.52. I entered a long trade at about 09:08AM
3. Using 10-minute chart, I trailed using the light blue / cyan line nd just exited the trade when it went past 2x line at $442.11
My trade was a purchase of SPY call for 5/2/22
Let us hope this LUCK remains consistent.
Now continuing with a Short SPY sale as 4 Minute chart is showing signs of a SHORT sale.
Great trade! I hope there are many more coming your way!
Nice trade, thanks for sharing.I used this for SPY and entered using a 4 Minute chart (for entry and exit) and also had a 10 Minute chart (to see larger x1, x2, x3 and x4) next to it.
1. 4 Min chart showed entry yesterday 4/12 at 14:52 with 1)an up triangle. 2) Green Donachain 3) above close above green entry line.@14:55PM @438.24
2. I patiently waited till this morning 4/13 until the price came back and hit the dotted purple line at $438.52. I entered a long trade at about 09:08AM
3. Using 10-minute chart, I trailed using the light blue / cyan line nd just exited the trade when it went past 2x line at $442.11
My trade was a purchase of SPY call for 5/2/22
Let us hope this LUCK remains consistent.
Now continuing with a Short SPY sale as 4 Minute chart is showing signs of a SHORT sale.
I don't ignore the short signals while above the 200. Look to see when the last time it touched the 200. Consider taking profit at the first dashed magenta line or the dashed yellow line when going against the 200.
Thank you! Do you have any new trades to share? Looking forward to testing this tomorrow!
Congrats! Do you always wait for a retest of the green line/hull before entering? How do you decide between 4/5 minute timeframe?5 min. ES today hit 4X target and the red regression line.
Timeframe is personal preference. Some people like the 2 min. and 10 min. Take a look at multiple timeframes and see which you prefer.
You can try with the super trend indicator. TOS tells me this code is too complex for scans.
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