A couple of setups.
AAPL 4d-to-4c bearish continuation. Price came back quickly and hit my trailing stop at +$0.95/share.
SPY 4d-to-4c bearish continuation. Entry was earlier than the technical trigger while the exit was based on the 5m that looked to be setting up a 3d criteria, +$0.68/share.
Also took the 3d long entry at the end of the day AND turned to go short. The long entry resulted in a $0.10 loss and the short I took got stopped out of with a $0.21/share loss.
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 firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.