Wed 01_09

today's trade:

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

The quick move out of the open left me on the sidelines.  Criteria 1a is less about trading a 5-min 3/10macd trigger than it is about buying a breakout (particularly on a faster time frame, like the 3-min).

First trade long was a small loss (didn't wait for the large 5-min red bar to close).

Second trade, the first short had two exits.

Third trade was a little worse than scratch.

Fourth trade, short, was meh.

Fifth trade, long, was a scalp into the close.

Higher time frame;
Looking for a tick up in the 65min 3/10 macd fast line (3a-1a) with a trigger being the 15-min 3/10macd fast line going green