Why are there no new TriTrader+ calls today?
Quick answerTriTrader+ only calls a breakout that passes its checklist, and daily calls only come while the market is up (SPY above its 50-day average). A quiet day means nothing passed, not that it is broken.
The details
What every call needs
- A candle closes through the triangle's line by more than its wiggle room (a wick does not count).
- Daily: at least half an ATR past the line, the triangle at least 10% of the price tall, and SPY above its 50-day average.
- 4-hour: an Ascending or Symmetrical Triangle at least 10% of the price tall.
- One call per chart at a time; a second only once the first has reached its conservative target.
When it updates
At every daily and 4-hour candle close. There is nothing to refresh. Look at Forming on the Live tab: those are the triangles nearest to breaking, where the next calls come from (forming).
In a falling market (SPY under its 50-day) the daily side waits. That is the rule doing its job (only the best setups).
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