Often /cl is the best market to play.
And once again -- triple touch -- 3rd touch was 50 min. from the low. and a 50 tick move -- day is over in 10 min. at 9:05. That's what's possible.
long /tf -- 50 min from low of day -- 3rd touch of established TL.
advrld -1300 9t stop.
I had established rules though. -800+ NO LONGS at all. So this is breaking my own rules.
5 is under 34 ma too. So 2 broken rules. Unlikely to be CP doing this.
5/34 xover. 9:55
advrld -1250 -- rule is: DON"T GO LONG --
and /tf now breaks o/n LOWS -- heavy - sellers in control. Your job is to trend trade.
bot ACT, OCN -- strong today.
5 under 34
trend is down. end of story.
-1400 advrld -- massive exodus today.
/nq-- outperform .25%
/tf still -.6% --- huge difference.
amzn, yy, sbux, trip, tsla, akam --
bot ACT< OCN
/tf -- bounce to top of 10 min OR --
advrld -974 but way off opening lows -- this is not critical. what's important is DIRECTION.
switching to 10tick -- candles rather than 5 min.
Basic idea: Once you have trend in place 5 over 34 -- uptrend -- enter on a 3rd touch TL -- it could be below the 34 ma - doesn't matter.
the MAs are not enter/exit -- just trend signals to keep you focused on direction. The entry is the developing TL which is dynamic.
The market signals + leadership list also keep you informed on trend power.