Fri. 04_05

today's trade

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

breadth- strongly bearish all day, but also Advance/Decline (which of course closely mirrors the S&P) trending higher all day

Took half my long position in the morning for a loss, had I just kept my ATR stop in place the position would have worked itself out.  The 5-min chart is using a 'gapless' 3/10macd.  I prefer to default to this indicator on large gap days.  The up-arrows, representing long trades, indicate entries, not necessarily "triggers" based on the 3/10macd

  

The following volume profile chart is a bit of a screw-up.  I had intended on using red for HighVolumeNodes and Blue for LowVolumeNodes but, as is obvious, I mixed the two up on some instances.  Irregardless, you can figure them out:

The higher time frame, though showing obvious criteria (price in corrective mode) it's not very easy to swing trade.

When shorts are slow to cover and buyers hibernate, it's called a 'Bear' market. This just isn't a Bear market.  Shorts are quick to cover and temporary buyers feed the fuel to that covering.

Tue. 01_08

today's trade:

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

Contemplated the 2pm long, but didn't take it

What I'm looking at going forward.  Essentially an overhead trend-line break on the long side or a bear flag breakdown on the short side

Mon. 01_07

today's trade

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

First trade basically a scratch. Second trade (short) I took some off but then added back (two down arrows). The up-arrow with an "x" under it reflects a long entry that I considered, but didn't take. Final trade (long) was scaled out of in 4 parts, the final exit was based on the overnight highs at $146.04.

The higher time frame you can perhaps argue the presence of a head & shoulders pattern (65min chart).  I'll be watching the 3/10macd on that time frame to see if it goes green (and has a fast line/slow line cross) or if it ticks back down.  Essentially under $145.50's bearish and over $146.25s bullish.

Interesting to note the severe lack of negative TICK readings so far this year (the sub-graph in the chart below is a smoothed version of the TICK)