Loading ...SPX Daily
Matrix Style :
1..Heiken Ashi Candles
2..10 day Exponential Moving Average
Rules:
1….Buy when a Green Candle crosses over the 10 ema UP
2….Sell when a Red Candle crosses over the 10 ema DOWN
3…Adhere to the Rules !!!
Last 9 months… 4 good trades ..all about 5% which is 15% in SPXS / SPXL
total of 60% easy gains
The circles show the whip zones..most made small % gains as well
so trading this method netted 70% in 9 months if religiously adhered to !
IE hire your 10 year old grandson to trade and keep you emotions out of it !
presently your grandson is Long ! have a nice day
Thank you for updates from Matrix.
His 4 horsemen keep me from getting creative when it comes to following the rules.
Looks good. I will use it in conjunction with my TSI divergence indicator.
https://stockcharts.com/h-sc/ui?s=%24SPX&p=D&b=5&g=5&id=p86815671621&a=449498334
Sounds easy. Thank you!!
Just added the H-A candles to my charts, to see what they would reveal when set against my own toolkit.
I have nine IT buy signals for SPY over the last 18mos (using my own definition), dating back to Oct 14.
All came on H-A weekly red candles.
It looks like most line up with the flip of H-A daily red to green candles. (Plus more.)
So there MAY be a good combination of some kind of (red) weekly setup, plus the DAILY ‘candle color flip’ that will give you better signals, where entries are closer to lower risk stop loss rules. Folks will have to experiment to devise those weekly setups, as mine aren’t driven by off the shelf indicators.