My RSI tutorial has been selected as an Editor's Pick on TradingView.
Glad to see these ideas reaching a wider audience :)
LINK:
https://t.co/vc3S3A4IZg
#RSI#AdaptiveRSI
I follow a strict 15 trade execution rule under Chapter 6.1 that you may find useful to implement. It may helps in the area of improving average RRR, while avoiding death by a thousand whipsaw stop outs for longivity of equity curve growth.
https://t.co/OxoxgHQz0d
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Example of How to Read and Trade the Auction
Last night: start with a blank chart. 15m bars, showing 3-4 weeks. Use SPX or cash-only back-adjusted ES (SPY not recommended due to Friday's ex-div gap). Mentally draw boxes/ranges. If you do that, you will notice that March 9, 13, and 18 had similar lows, and the gap down on the 19th (last Thurs) was a clear break away from those prices.
Next, follow the auction since then (see pic). The pop at the EOD Thursday was sold and the Friday explored lower. Monday's gap up was sold back into Thursday's range, and Tuesday's gap down was bought back into Thursday's range.
At this point, a pattern begins to emerge. A profile really helps to visualize but you don't necessarily need it. We started multiple excursions from ~6638 ES (~6585 SPX) and returned to it every time. It has been a magnet.
Integrating Narrative
This morning - with a well established 4-day balance, my thesis is that we are gapping up here for a reason: the market wants to be higher. On Monday I proposed this. It's looking ahead to the resolution of the war. Part of this is just experience, I've seen it a lot. Not just in "what usually happens" but that it's just not going down as easily; again, it takes some experience to recognize this.
So that's my mindset going in. Willing to short but I'd rather be a buyer. The magnet effect of 24-38 kept me from wanting to buy on the gap up this morning. However, the sell on "nuclear power plant attacked" right into that area was met with very strong buying. Find a way to get into that long, and it's a good opportunity.
Review
Overlooked from many reviews is the most important thing: I was not so eager to buy that I bought a news-induced falling knife. I did not buy 6650, then 40, then puke out at 35 and watch it go higher without me. I waited for buyers. I bought 11 handles off the low, after the low, averaging into 6643. You don't have to catch the turn exactly. There was an unmistakable buying impulse there, at the price I expected buyers, and that's all you need.
I got flat at 6658 and while not ideal, was in line with my thesis that simply rotating above the 6624-38 area was the market's goal today. The structure was not ideal for immediate continuation higher. I'll post the "why" some other time.
Anyway, that's all. This was a very simple analysis, and just involves walking through the structure and arriving at some context in which to execute. Every day is not like this. Some days the picture is muddy and I have no good bigger picture zones/levels to execute at, and I focus exclusively on very short term references made during the session. Some of my best days are those. Monday was far better and I had no such plan. But when the structure speaks to you at an intuitive level, utilize that and some good opportunities will often emerge.
#ES_F #NQ_F $SPY $QQQ
ok so this is actually true — orexin is produced in the hypothalamus and plays a part in wakefulness & energy regulation
two orexin agonists (marketed for narcolepsy) have completed Phase 2 (Alixorexton) & Phase 3 (Oveporexton) trials & just recently got Breakthrough Therapy Designation & Priority Review, respectively
this means Overporexton might be in the market by end of this year
and another investigational (ALKS 7290) has finished Phase 1 specifically for ADHD
personal notes: 📝 usually after hitting bottom deeply it does a powerful retrace back down towards 20-25 before forming a trend up that breaks. This time it hasn’t done that yet. Diff to read. Could be the spot where it turns or it broke differently this time and there’s room ⬇️
Trade and analyse the SP500 on MMT for FREE on MMT.
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- MBO L4 profile
Have a nice weekend
Yes, this is in line with recent research that amphs actually operate mostly on wakefulness, alertness, and circadian circuits than attention per se in adhd.
ah what the hell the anti-adhd peptide thing is REAL. they might have found the causal driver for 'adhd', and it's basically entirely sleep-wake-cycle stuff (???) which explains a lot tbh
@developercobalt@NeonVintage_arg theres a famous paper on this one too, something something amphetamines reduce insomnia in adhd-ic patients but not non-adhd-ic patients
@Flipr_Cloud@TheRealDrip2Rip Hi @Flipr_Cloud thanks for this. Could you possibly help or share the improved version as this doesn’t seem to backtest great as was and would love to check out ur additional fixes if you’d be willing to share sir 🙏
@chunkymonkey_92@certifiedsauce1 alpha gpc is too strong and can give you too much choline long term which causes brainfog and other issues.
choline bitartrat is not optimal compared to cdp choline. but its better than nothing.