i am only on page 250 right now in the thread so i'm sorry if this has been discussed, but you posted this kind of early, is there not a time confirmation for the weekly levels?
Yeah dude, it's on page 450...keep reading. Just kidding. Yeah it's in there somewhere. I use a one hour confirmation for weekly A values. Again, not a magical number, just what I use.
thanks Mav today was my first day to test out some of the levels i've built on SPX. i had a very narrow pivot just inside the opening range. once i had my A values i set up a small sized trade shorting the SPY once we closed 10 minutes below my lower pivot. i was going to use the high of the day as my stop. once we confirmed the A down i added to the position. now that we have leveled off i have gotten out of some of the position for a profit and am letting the rest ride with a stop at the top of the daily pivot range. 1 for 1 so far! still a work in progress though. right now i'm setting up my trade grid so i can see a bunch of different instruments and be able to visualize the strong and weak ones with one glance.
actually, i was just setting up a VXX chart. do you use XIV instead because it's the inverse so it makes it easier to visualize the price action when compared to ES?
Generally speaking, once a product fails at the monthly A up, you don't want to try to get long on a momentum trade. AMZN failed at the monthly A up last week at 261. The monthly A down is now the target at 243.