Yesterday's multiple time frame chart. Trend day down, best entries were to fade the pullbacks to the Open and IB-low. "Triggered" trades occurred a couple of bars after those failed tests, a 4c-4d-4c continuation setup:
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.
Showing posts with label 4c - 4d - 4c. Show all posts
Showing posts with label 4c - 4d - 4c. Show all posts
Friday, December 9, 2011
Monday, October 3, 2011
SPY 4c-to-4d continuation setup.
AAPL long 3d criteria. I thought this was a b/e trade, but I actually lost about $0.25 on this. When a 3d setup fails often makes for a good short entry. Reversing this entry from long to short would have worked initially, but could have just as easily resulted in a stop-out considering the whippy move around 3:00.
The inverse names have been setting up for a while now. This would have been better off adding too rather than jumping in and out of as I did. First entry was a target of 1/2 position for $1, 2nd half b/e. Second entry was a stop-out at b/e and the third entry was for the move into the close for $1.
AAPL long 3d criteria. I thought this was a b/e trade, but I actually lost about $0.25 on this. When a 3d setup fails often makes for a good short entry. Reversing this entry from long to short would have worked initially, but could have just as easily resulted in a stop-out considering the whippy move around 3:00.
The inverse names have been setting up for a while now. This would have been better off adding too rather than jumping in and out of as I did. First entry was a target of 1/2 position for $1, 2nd half b/e. Second entry was a stop-out at b/e and the third entry was for the move into the close for $1.
Thursday, August 25, 2011
4d
Following the 3/10 macd criteria this setup fits under the 2d-to-2c (or 4d-to-4c) continuation setup.
The slow line is trending down as the fast line is correcting into it (typical of a bear flag price pattern).
Typically I look to enter on the 5-min chart based on the first negative reading (3/10 macd fast line), but in this case that happened on a green hammer bar so I was looking for a pullback higher. Fib. projections were based on the first seed wave that is highlighted on the 5-min chart.
The slow line is trending down as the fast line is correcting into it (typical of a bear flag price pattern).
Typically I look to enter on the 5-min chart based on the first negative reading (3/10 macd fast line), but in this case that happened on a green hammer bar so I was looking for a pullback higher. Fib. projections were based on the first seed wave that is highlighted on the 5-min chart.
Wednesday, July 27, 2011
just short
Very bearish day. With market breadth extreeeeemly week all day. If one was to miss the opening sequence short and were looking for a pullback to short, what I typically do is to look for the 5-min chart to turn back over negative (the fast line/histogram). It's often reliable, but most important the price confirmation is there; failed retest of the breakdown point.
Daily, with support levels below; 2b short triggered yesterday.
Daily, with support levels below; 2b short triggered yesterday.
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