As GOOG consolidated previous momentum it took a while to set this trade up.
Dual time frames; 65-min higher and 20-min faster
2c-2d setup on the 65-min; look for 3d or 1a on the faster time frame (possibly 3a for a riskier entry).
I was asked about this trade and why I didn't take what looked like a setup around the 2pm hour on the 23rd. Quite frankly the setup wasn't on my radar at that time, so I glossed over it. When scanning through charts this just didn't jump out at me at the time. I look through sets of multiple time frames for many different stocks.
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.