Posted by frtaylor on 17th of Apr 2012 at 01:37 pm
Yeah, like right now, we've got MACD divergence on the 5-min SPX
w/ 60 stoch over 80. If it makes one more high w/ divergence,
I'll go short for at least a day trade. Matt has mentioned
before to watch for that third push in the afternoon w/ divergence
for a short.
Posted by frtaylor on 17th of Apr 2012 at 02:25 pm
Watching for that third, afternoon push in price. It's had
a small move up since I posted, but I haven't shorted yet. MACD may
recycle, that's not my trigger. Trigger would be a more
substantial push up, or else a down candle on bigger SPY volume,
and then a couple low vol up candles that don't make a new high.
Other option is to wait to end of day and if 60 sto still
above 80, then I'll short on the close. That trade has worked
every time for me (maybe about 7-10 times over last year).
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frtaylor - good comments on
Short intra day market video
Posted by steve on 17th of Apr 2012 at 01:34 pm
frtaylor - good comments on some things to watch for guides.
Also watch for divergences and patterns.
Yeah, like right now, we've
Posted by frtaylor on 17th of Apr 2012 at 01:37 pm
Yeah, like right now, we've got MACD divergence on the 5-min SPX w/ 60 stoch over 80. If it makes one more high w/ divergence, I'll go short for at least a day trade. Matt has mentioned before to watch for that third push in the afternoon w/ divergence for a short.
frtaylor, clear MACD divergence on
Posted by DK on 17th of Apr 2012 at 02:13 pm
frtaylor, clear MACD divergence on the 5 min but maybe it is just looking to recycle back to 0? 60 Stoch not budging...yet
Watching for that third, afternoon
Posted by frtaylor on 17th of Apr 2012 at 02:25 pm
Watching for that third, afternoon push in price. It's had a small move up since I posted, but I haven't shorted yet. MACD may recycle, that's not my trigger. Trigger would be a more substantial push up, or else a down candle on bigger SPY volume, and then a couple low vol up candles that don't make a new high. Other option is to wait to end of day and if 60 sto still above 80, then I'll short on the close. That trade has worked every time for me (maybe about 7-10 times over last year).