Using the TPI for daytrading [Friday]

Are you going to focus today we’re going to take a look at using the TPI indicator or the turning point identifier here in real time. So it is Friday, December 10 2021. And we just wrapped up a series of sessions on using the TPI, how to apply it in real markets real time, regardless if you are a day trader scalper swing or position trader, and we’re looking at the s&p here on Friday 1210 on a 233 Tick chart, so we had CPI come out this morning, once that subsided once we got out of the New York cash open. I’m going to show you a rundown here of all of these potential signals and setups that you could capitalize on and that I traded this morning as well. So on the bottom pane, we have bullish TPI or bullish divergence signals. And then the red arrow is obviously going to be your bearish, divergence sell signals. And all I do is combine that with simple trendline analysis and price structure so you’re going to have the ability very quickly to see all kinds of potential setups so you can see we had this buy signal here, up to the long side we had a sell signal come in trend line break to the sell side. Here we have bullish divergence by signals coming in breaks the trend line to the upside, we get another one here on this trend line break bullish divergence buy signal trades to the upside. We are waiting and watching for new signals to come in. Here we get a bearish divergence sell signal breaks the trend line trace the downside. Bullish buy signal breaks the trend line to the upside. Do you see the multiple opportunities that present themselves each and every day? This is just one market the E Mini s&p fact I traded the euro currency this morning is just happening on crude oil bonds yen and other markets that move nat gas this is just on an intraday timeframe. You of course can apply this on hourly for our daily and even weekly move forward quickly and show you other opportunities that set up. Here we have a nice clean trend line bearish of ours that sell signals coming in trades to the downside we’re waiting patiently for this trend line to break with bullish divergence signals trades to the upside. We are coming in getting new buy signals getting new buy signals right here trades to the upside. We are in chop mode as you can see indicated by this channel. bearish divergence, bearish divergence, bearish divergence finally breaks down to the downside and then we’re waiting and watching for potential Long’s nice clean trend line bullish by bullish by breaks the trend line to the upside. So I’m hoping that you’re able to see this very clearly.

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