no with the 195 minute time frame 9:30-12:45, 12:45-4:00, there was a potential setup if we had gotten a higher 12:45 close than 9:30 opening on the SPY, but we didn't, so i don't have a bias for the 12:45-4:00 time frame
sorry if i'm hard to understand there is a lot of inputs and parameters to these setups
this setup came from the 120 min time frame, the 9 consecutive higher closes than opens as of yesterday close carried a 93 percent chance of a lower close than open,
so today's example SPY opened @ 110.27 9:30 and closed 109.89 @ 11:30 thus completing this setup
There might be a setup on the 195 min print @ 12:45, I'll have to see where it closes
120 min setup is complete with the lower close from the open 9:30-11:30, as of the close yesterday we were @ 9 consecutive higher closes that carried a 93 percentile for a 1 period lower close
Yeah, that's the issue you always have too deal with. Sometimes people are wrong. I subscribe to several different services, and read many different blogs. I then try to put it all together, but sometimes you miss the big picture.
no with the 195 minute time frame 9:30-12:45, 12:45-4:00, there was a potential setup if we had gotten a higher 12:45 close than 9:30 opening on the SPY, but we didn't, so i don't have a bias for the 12:45-4:00 time frame
sorry if i'm hard to understand there is a lot of inputs and parameters to these setups
I think I understand you to be saying you think we close down? I enjoy reading your post but it is sometimes hard for me to understand.
12:45 195 print came through with a lower close than the opening (9:30) thus voiding a potential setup
Interesting thought process. look forward to seeing 12:45 picture.
this setup came from the 120 min time frame, the 9 consecutive higher closes than opens as of yesterday close carried a 93 percent chance of a lower close than open,
so today's example SPY opened @ 110.27 9:30 and closed 109.89 @ 11:30 thus completing this setup
There might be a setup on the 195 min print @ 12:45, I'll have to see where it closes
I wish I understood what that means? Does that mean we are going back up, or down? What's the odds each way?
120 min setup is complete with the lower close from the open 9:30-11:30, as of the close yesterday we were @ 9 consecutive higher closes that carried a 93 percentile for a 1 period lower close
Yeah, that's the issue you always have too deal with. Sometimes people are wrong. I subscribe to several different services, and read many different blogs. I then try to put it all together, but sometimes you miss the big picture.
Is that ITMS? I subscribed to them recently and liking it so far……….
What if they are wrong next time?