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. I day trade the 15-minute time frame by using the 5-minute to trigger the trade setup. I can be contacted via email at toddstrade@gmail.com


Sunday, January 15, 2012

Overnight ES

Just a quick look at the ES overnight pre-holiday edition.  Whatever it does likely will not include the higher time frame "big money", but it is what it is.  A split view of the 15-min (left) and 5-min (on the right).  The 15-min is showing the 2c-2d criteria (pullback following bullish momentum while showing a reverse divergence) while the faster time frame is setting up the 3d criteria at support.  Looking for price to break the overhead trend line (on the 5-min chart) and the fast line turn green.

Well, it had a rough go of it, but was able to test higher without breaking down from support.

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