Page 1 of 3
Posted: Mon Nov 14, 2022 5:19 am
- usmx2xcb.jpg (118.89 KiB) Viewed 770 times
For your consideration, the USM indicator by earik beann, wave59 adapted for high probability trade setups. The indicator plots two differing inputs and transposes the result in color bar format for visual ease.
I've set the default at 10/4 to 12/4 (standard USM). 5/4 and 8/4 to 12/4 showing good results in MTFs.
Please find USMx2xCB in the script library.
Posted: Mon Nov 14, 2022 6:15 pm
- usmshorter.jpg (129.24 KiB) Viewed 757 times
Shorter trigger USM set tto 5/4 to12/4 ticking off highs and lows.
Posted: Mon Nov 14, 2022 6:29 pm
- xcrossmom.jpg (138.54 KiB) Viewed 755 times
confirmational crossover short and long usm setttings plotted together.
all charts, 3min ES.
Posted: Wed Nov 16, 2022 4:50 am
- usm23.jpg (194.26 KiB) Viewed 737 times
nice trade setup today.
morning market discounted the initial spike up and progressed into a slow grind down.
BBclassic (21avg ribbon) traps price underneath (oval) one last time as it accelerates downward (short fuchsia trendline). colorbars printing maroon.
USM2xxcb whatever it is called, signals weakness as it crosses over printing bright red bars.
looks like about 50es points available.
Posted: Wed Nov 16, 2022 4:58 pm
- usmssdd.jpg (160.57 KiB) Viewed 726 times
quick morning workup. premarket action looks to have formed a fractal of yesterday's descending triangle. imo, untradable due to the price action at the apex of the formation, at best being stopped out.
those with resolve would have had to take some heat for a few minutes before the trade working out. regardless, a nice picture of momentum framed within price structure.
Posted: Wed Nov 16, 2022 7:13 pm
replaced the original script with ver.2. at the script library.
also renamed the script, best wishes in its use.
<>< ><> <><
Posted: Wed Nov 16, 2022 10:15 pm
- 3pstinkystanky.jpg (224.3 KiB) Viewed 711 times
i love talking to the wall, so here it is...the old three pinks to the stink setup from the price pressure template.
while the house traders were killing third martinis at the Grill on 21, the market floated up into a bear flag. of course little red riding hood gets trapped yet again under the big bad 21sma BBclassic (oval) wolf.
momentum accelerates to the downside. stinky stanky market tanky.
Posted: Thu Nov 17, 2022 3:30 pm
Thanks GFish for the indicator. I haven't had a chance to load it up yet, but I am thinking about playing with it on the RTY.
Posted: Thu Nov 17, 2022 7:47 pm
- kng12.jpg (188.9 KiB) Viewed 688 times
couple of nice trades today.
Trade1 needed two points (first and second boxes) to create a trendline. Third box, price at trendline, typical bounce from the impulse correction. BBC ribbon is suppporting here. mom crossover serves as confirmation and of course, diverganz.
Trade2 price breaks the trendline then checks back (fuchsia zig and the zag), the "kiss and the go" old school trade. waning momentum can no longer support price much like the aging first wife who has let herself go and eats boxes of cinnamon flavored pastries at night.
kinderspiel eh mr. sbank?
Posted: Thu Nov 17, 2022 9:11 pm
- rtos.jpg (236.55 KiB) Viewed 668 times
and "one more thing..."-Steve Jobs
and one more thing...resistance becomes support. support becomes resistance.
momentum crossover confirms. < insert yawn>
Fluctus LIX, hoc est unum numero. because...one more thing...
- earthline.jpg (250.26 KiB) Viewed 665 times
the support/resistance line is the earth planetary flux line for today.