...ly...An unbelievably nasty market environment today. Choppy and messy, with the late afternoon jumping around sideways. After 1p.m things just became a mess. Price rallied late in the morning back up to the open (coinciding near Pivot Point) where selling ensued (similar to yesterday) take note of a bearish divergence. After going short here you were whip right out of a position with the nastiness that ensued right after 1pm.Though, if you were basing your stops on a 15-minute time frame you may have endured
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at email@example.com
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