dryanhawley

dryanhawley Updated 

Prepare to go lower, there is a lot of short term support below the S5, so I think they won't go below 4107 tomorrow... But on the other hand I have a feeling that our Trading Plan will work out, we get a much deserved bounce, release all that tension and get many hours to 1 day of up, it's hrd to say 1 day up as we have seen most days we bounce off the highs AND...

dryanhawley Updated 

From 2008 to 2021 price often ran along the top of all the EMAs, and went past R5 often. Now that we are in a bear market price runs under the EMAs andwe push past S5 once in a while. So the change is when I first shared my Trading Plan for how i use The Pivots i said buy S3 and S4, sell R3 and R4. The change is we should try and make more buys at S4 and even S5.

dryanhawley

At least during the early part of the day, usually we slowly climb sunday evening and enter Monday AM far higher.

dryanhawley

On each of these days those present in the SP 500 Room watched as we publicly followed the plan trading on a 1 hour chart, Selling R3-R5, buying S3-S5. During these bearish times we shorted during the days that paper sold, and recently we proved you can buy S5 safely and we documented how the trade went up till 2;15 Friday, then we shorted till the close. There...

dryanhawley

I had an idea. We have had 4 days of selling, and the market moves in UP and DOWN waves, not a straight line. This idea is not based on fundamental analysis, news; more it is based on the Elliot Wave principle. I'm not suggesting you go long yet, just keep an eye out for an up day. If not today, maybe monday. My multipl year studies show Fridays tend to be...

dryanhawley

Last night I tried this and we kept going down till 4 AM it was a terrible way to spend the night finally we got closer to my entry and did a small rally, i got out with minimal losses.. Well of course it shot up 15 pts. I waited for a reversal and got long rode it to the open more than making up for my loss. We all went short at pivet or some small R number and...

dryanhawley Updated 

I favor the NQ for longs it is faster and first to the party, and less heavy. Tech is what is holding up this Economy with all the new buss about chatGPT, AI I Architected an AI SIEM/SOAR in 2003, long before QRadar or ArcSight or even Splunk... they didn't use AI the stored the logs in a database. My philosophy was that the SIEM security information event...

dryanhawley

The ES1! just keeps getting trashed. Every attempt to take it up it met by an immediate selloff, and based on the volume it is the minions of the Billionaires or their lackeys doing it. we traders would love to short a higher high, or even pivot!! They don't want to give us that luxury. I wake up every few hours, always struggled with sleeplessness... It...

dryanhawley

If you look at these trend lines and the candles, we could have a C wave higher, within the channel, and still continue to go down, if we go lower today as planned less wory, if we end up green we may have a day or two of buying.

dryanhawley Updated 

Even though we have done trades publicly sometimes 3 in one day sometimes 1 some people complain that it is to difficult to understand or even that they don't work. Dozens have been grateful and praised how well this Trading Plan works, most of those were in private, and for some reason the ones who for whatever reason want to see this simple trading plan work. ...

dryanhawley

I was reading the notes from the author of the Camarilla Pivots and was surprised to find he suggests using it differently than how I have been. He suggests selling R3 (instead of R4 or R5) and using R4 as a stop. Then getting out at S3. I don't think we would have gotten the same (good) results as we have been using the extremes to enter a trade, when you...

dryanhawley Updated 

Yesterday at the close we hit S4 and so without any stress or agonizing over it (can we go higher, is this the right level) I loaded up on SPXS, which I use because it is cheap so I can make a decent profit with sheer number of shares. During the night and this morning I checked the market and Alerts were going off we had reached S5, so again, no stress just...

dryanhawley Updated 

I have removed most of my indicators, just so that The Pivots are easy to see. Most of the time we trade between S4 (strong support) and S4 (strong resistance). We reached S5 and bounced, the rubber band is wound tight, to go up. It would be difficult to go back down to S5, if you are trapped in a short, you might want to take a small loss, rather than suffer...

dryanhawley Updated 

Our next upcoming short target is 4300, below that I have marked targets all the way down to 3665, ie where we were a year ago. Of course we will bounce off many if not all these, there will be "up days" like yesterday (and now in Globex we are already well below yesterday's "gains". If you like the kind of High Profit, Low stress trading I am trying to teach...

dryanhawley Updated 

I call this pattern the Batman Pattern, because if you look at the overall shape is it very much like a Batman jet, or car or Batman shirokin (throwing weapon)... Lower head, like baman wearing flying wings. Definitely a rolling over pattern like a head and shoulders. my apologies for the text below price that says sell and buy, just ignore it. ichimoku cloud, ...

dryanhawley Updated 

10 minutes before the market closed we hit S3 the rubber band was spent no energy left. I reversed and went long SPXL at 4012 ES Futures == SPY = SPX. i always talk in Futures If i'm lucky they take it up overnight and i take profits in the morning. The Tripple Thrust Elliot pattern is still in effect. Three sets of Five EWs completed a down more from an all...

dryanhawley Updated 

I have been calling for a correction down since mid August in many posts, and am longer term Bearish.. but the idea of VWAP is to point out extremes. We have quarterly, monthly, weekly, and daily VWAP above us, and we have brushed up against STDEV3. So even though things look very Bearish the theory that we should return to the mean still stands. We should...

dryanhawley

I have removed 5 indicators so that "The Pivots" are easy to see. I used the Camarilla Pivots on a weekly setting in a 1 hour candle. Notice how when we reach these extremes price is like a tightly wrapped rubberband, and returns towards the mean "Pivot" only price usually goes to the other extreme on these high probability, high profit moves. I have put Buy in...