I am working on an artificial intelligence model for SPY entry/exit signals. Tried the new model today. Targeting to obtain the cleanest signals. It gave good sell signals today, but the buy signal it gave was especially impressive!
$SPY
After getting chopped badly last week, wrote a @tradingview indicator to quantify the amount of chop on the chart.
Still experimenting with this, feel free to give feedback.
Obviously, chop is visible on a chart. But sometimes your mind tends to ignore it. This script might be useful to use the numeric chop amount as a criterion in your trade.
Let me know if it is useful.
https://t.co/T2UTg47w6K
The analysis of the recent $ASTS swing trade.
Setup Quality: 7/10
Setup: Failed breakdown & level reclaim within a bull flag.
Entry: Reclaim of the level & continuation.
Price Targets: Swing highs, 9/21 EMAs for trailers.
Goods:
+ Hot theme
+ Already made a move up
+ A clear failed breakdown at a clear level, a clean reclaim
+ Bottom candles absorbed the sell-off with strong volume
+ Tightness right before the level reclaim
Bads:
- The flag is not very clean and tight
- During the move up, the bottom of an impulsive candle is taken out
- Already a large market cap, limited upside
What else do you notice?
(Link to the chart: https://t.co/uj0kIs2C9v)
@lonextrades Hey man, I have been following your posts. Great content, thanks for putting these together. I am curious, as someone who has been closely following QM, did you find success in trading?
@MapleStax I applied for 7 payouts and 6 of them got approved. In the one that was denied, I had broken a rule. In the end, I cached out all the money.
I know they used to ask for videos etc in the past but never happened to me. No reason to call them scam at this point.
@lanto_trades I was up 12k in personal and shorted the bounce after the early selloff in the ema cloud with size. The price did not react to any of 9, 21 EMAs, VWAP or the level from the earlier and it decided to capitulate to the upside. Hence I am closing the day in red.
I am not one of those people who write reviews, but the more I use @TradeZella the more I love it.
There are many great traders out there, and they have a lot in common: Discipline, consistency, hard work.. But it is not very common for them to also have the smart and business acumen. As someone working in tech, I truly appreciate how @UmarAshraf turned his idea for a trading journal into such a product. It is soo hard to come up with a good UX for your idea. @TradeZella nailed it to a great extent.
I love how I can interplay between trades and playbooks and stats. There is room for improvement, but overall, a phenomenal job.
👏👏👏
I am not one of those people who write reviews, but the more I use @TradeZella the more I love it.
There are many great traders out there, and they have a lot in common: Discipline, consistency, hard work.. But it is not very common for them to also have the smart and business acumen. As someone working in tech, I truly appreciate how @UmarAshraf turned his idea for a trading journal into such a product. It is soo hard to come up with a good UX for your idea. @TradeZella nailed it to a great extent.
I love how I can interplay between trades and playbooks and stats. There is room for improvement, but overall, a phenomenal job.
👏👏👏
@TheOneLanceB This is not the strength of ChatGPT or any other language models. One concrete use case for example they are pretty good at writing *most* of your code if you are a software engineer, and it saves you time. There are plenty other use cases as well.
Today was horrible PA.
I gave half of my profits from last night, and at some point I was down pretty significant.
Hated trading this PA. Having a cushion in days like this helps a ton.
If you didn't blow your account today, that's progress.
Sure big days are nice and seem important, but days like this are just as important.
2020 me blows all my accounts today.
Being patient throughout sessions like these are what allow for maximized profits on good days.
Day to day mindset. 1-0 goal.
@stamatoudism To add to this: I spent a year on training state of the art AI models on price action. Market’s predicability (ie meaningfully higher than flip of a coin) is extremely rare, like once in months. And that is not how you make money. It is the asymmetry.