2c-2d

a good example of 2c-2d criteria on the higher time frame with 3d-3a criteria to set up the trigger time frame

TLT

While watching for reactionary selling in the indices there was a reasonable justification to watch for the inverse in TLT.
The 3d criteria setup on the "trigger"(hourly) chart was looking good for a potential long entry, however, price ended up rolling over and triggering a short entry

CL setting up

Crude weekly/daily time frames look to be setting up a long entry.

Criteria 2c-2d on the weekly (with bullish trend) we would like to see a 3d criteria setup on the faster time frame, which in this case is the Daily (below, right).  A long entry "trigger"would occur when the daily time frame registers a positive fast line reading (turns green, which would be 3a criteria).  Look for momentum and follow-through to confirm.

Thu 08_1

Resistance overhead?  Just gap over it!

 A key for the above (5-min) chart to define the horizontal lines and dots.  For further explanation, see this link:  

Arrows on higher time frame indicate anticipatory trades that are entered using the faster time frame.

ES_with globex;  best entry was 10-min prior to Open; arrows indicating potential entries (no exit signals are indicated)

HIgher time frame; Daily (below, right) had 2c-2d criteria, entry was 3d-3a criteria setup on faster time frame

thu. 07_18

As mentioned in my last post:

 and

Here's how it played out; with the 2c-2d criteria we're looking to buy the 3d criteria on the faster time frame

The initial buy was on the close of the 16th.  Additional up-arrows (on the 17th) represented potential adding entries.

July 11

Been a while since posting.  The time invested isn't returning enough interest to really motivate me to continue on a regular basis.  I'll probably just throw some charts up here and there when I can.
Here's where we stand on the SPY.  Narrow daily ranges vaporizing higher.  We either break out further or return to test a previous pivot, that's how this game works.  Either we follow price breaks higher or we follow the ensuing pullback and look to buy the next 2c-2d criteria on the 3/10macd (65-min time frame)

Previous higher time frame 2c-2d setups (3d faster time frame entry trigger)
From June 28 (First shaded region on the left 65m chart)

From July 2/3

From July 10/11 - cute how price broke out after FOMC minutes, came back to sweep up the stops at the $164.70s pivot and then triggered long on the closing bar (at a cheaper price)

Mon 06_10

Nothing but consolidation of previous momentum

Breadth - mostly neutral all day

Higher time frames - Further pullback wouldn't be surprising, while a gap or move higher could lead to chasing (and stops being triggered)

ES with globex

Fri 06_07

Momentum day, though didn't have the same sort of Advance/Decline internals you typically see on an extreme advancing day.

Higher time frame - bulls need it to push through that $165 - $165.50 area

ES with globex - overnight range midpoint (also 50% retrace of previous day's close to today's Open) held on the opening retrace, Overnight high held as afternoon support.

Another look on multiple time frames

Wed 5_15

Underestimated the strength in the late morning extension.  Didn't take the short.  Some quick scalps in the last hour.

Breadth -

Vol Profile - yesterday's VPOC held and that's all we seemed to need

ES with globex

Fri 05_10

Choppy, choppy day....

Spent A LOT of time chewing through these high volume nodes

Breadth - Up/Down_Volume stayed trending bullish all day long.  Adv/Decl issues bounced nicely at the zero-line initially, failed but recovered later on

Higher time frame - 65-min showing 2c-2d criteria (looking for a 3d criteria on faster time frame for entry long) while holding on top of the 20-period MA

Weekly/Daily bulls in control

Wed 05_08

Breadth - zero-line bounce on the Adv/Decl

Volume profile coming into the day -

Higher time frames:
SPY

ES with globex

ES with globex intraday

Tue. 04_30

Held the 50% retrace from Friday's low to Monday's high, back to close on the highs for the last day of April.  Got a little chopped up into the last hour.

Volume Profile coming into the day.  A very similar profile formed today as it was yesterday.  Today we filled in the low volume node area in the $158.70-.90 range, still a large volume node (acceptance) in the 59.40 - 59.70 area.

ES with globex

 Another bar in the books for the monthly time frame.  8th month into our inverted cycle (as goes the Stevenson PTT concept)

Mon 04_29

A key for the above (5-min) chart to define the horizontal lines and dots.  For further explanation, see this link:  

First hour:

Breadth - started out pretty strong in the morning, rermaind so throughout the day

Volume profile coming into the day

The weekly SPY has been showing this divergence for some time now (similar to the "overbought can remain so for a long time" a divergence can see price continue to go contrary to the divergent signal).  The daily is clearly showing a cycle environment.  While it could be a topping pattern a move out of this INX 1600 ceiling on momentum should result in a measured move higher.  So far the SPY is in a double-top with potential for a complex Head & Shoulders pattern.  Wednesday is May 1 (sell in May cliche) AND a Fed day FYI

Thu. 04_25

Interesting day, a lot of offers in the afternoon; pretty early in the afternoon as well, not your usual 2:30 selling

A key for the above (5-min) chart to define the horizontal lines and dots.  For further explanation, see this link:  

breadth-

Volume profile - perfect tag of the naked vpoc at $159.27

ES with globex