A key for the above chart to define the horizontal lines and dots. For further explanation, see this link:
A couple of scratch trades, a small loss a small gain. The up-arrow with an "x" indicates an entry considered but not taken. Last trade taken today was somewhat poor execution (exit) on my part, though I cheated on the entry and got in around vwap instead of waiting for the 5-min to trigger).
Some cross-current signals at this stage. The higher time frame (chart below) was showing 2c-2d criteria, which makes me want to look for long opportunities on the faster time frame (up-arrows on 15-min chart).
The failure of the entries to follow-through leads to anticipation of the 65min chart rolling over and turning into criteria 2c again, which would trigger on the 15-min 3/10macd fast line turning negative OR you can wait for a pullback of that fast line (as in XYZ corrective wave). Otherwise, we break out overhead.
No comments:
Post a Comment