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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Watching for that third, afternoon
Short intra day market video
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).