Tue 06_04

Breadth -

Got chopped up a bit in the 10:30-11:00 hour

ES with globex range

Higher time frame; $165 above  $163 below

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

thurs 1_12

Another good example of the A/D zero-line acting as support today.   First the initial bounce in the first half-hour of trade.  Price support ended up corresponding with a -200 reading (mildly bearish).  A/D line bounced at zero 3 times later in the afternoon as extreme negative TICKs on higher lows indicated a bullish divergence.

Some trades:
BTU - 2c setup.  Later in the day there was the chance of a continued test higher, but ended up scratching at b/e

GS - continued to show strength (or squeeze).

Really disappointed in missing this as I was watching for it yesterday.  A channel/flag break in NFLX

Also disappointed for not taking this short in the SPY this morning (2d-to-4c continuation, or simply, a bear flag).  Notice that the 15-min 3/10macd (top indicator) showed a lower low while price made a higher low/double-bottom, which gives us a buy divergence, while the 5-minute 3/10macd formed an inverse H&S (as did price).

2c AMZN

Here was a 2c setup gone wrong.  At least I THOUGHT it was a 2c setup, but the "trend" was certainly not decided at this point.  As the breakout failed (stopped out) I turned short quickly as the setup morphed into 2c-2d-4c continuation short setup...essentially sloppy and not worth the trade.  $195 overhead looks to be a significant level for AMZN...keeping an eye on it.