puma - on these trend type of days you may also want to monitor
3 min charts for entries as the 5 may not always always recycle
down enough if trend is very strong.
I had been watching both the 5 min and 3 min charts -- your post
was helpful because I had kind of figured that out and you cleared
it up -- funny thing is you could have triggered off the 5 min
crossing up from the 50 line or the 3 min crossing up from
somewhere above the thirty line (actually triggering on the
candles) and gotten the same entry, but they were small trades like
you said.
EDIT: Just realized that my comments won't make sense because I
was trading the TNA off the IWM chart which is where you can see
the recycle points I noted -- getting a lift now.
AND HAPPY BIRTHDAY!
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Starting to watch for Matt's Sto trade
Posted by puma on 24th of May 2016 at 11:36 am
FINALLY seeing the 10 Sto rolling down and nearing the 50 line on 5 min charts
puma - on these trend
Posted by matt on 24th of May 2016 at 11:38 am
puma - on these trend type of days you may also want to monitor 3 min charts for entries as the 5 may not always always recycle down enough if trend is very strong.
Thanks Matt -- I'm glad
Posted by puma on 24th of May 2016 at 11:40 am
Thanks Matt -- I'm glad you mentioned that!
puma - 3 min SPX. of
Posted by matt on 24th of May 2016 at 11:58 am
puma - 3 min SPX.
of course ES had set up too, again wasn't a huge trade but a few points on ES is fine
I had been watching both
Posted by puma on 24th of May 2016 at 12:04 pm
I had been watching both the 5 min and 3 min charts -- your post was helpful because I had kind of figured that out and you cleared it up -- funny thing is you could have triggered off the 5 min crossing up from the 50 line or the 3 min crossing up from somewhere above the thirty line (actually triggering on the candles) and gotten the same entry, but they were small trades like you said.
EDIT: Just realized that my comments won't make sense because I was trading the TNA off the IWM chart which is where you can see the recycle points I noted -- getting a lift now.
AND HAPPY BIRTHDAY!