Steps:
(1) Determine "1" (daily) and confirm on lesser time frame (hourly)
(2) Enter "3" at the close after the breakout above "1"
(3) Set the stops at the bottom of "2"
(4) Exit:
Option-A: exit at the end of "3"
Option-B: ride messy "4" and exit in "5" when price/MACD divergence occurs
any time
ReplyDeletecould you detail the 1-2-3 seup for this past thurs and friday? Would the ideal entry have been the gap up open on friday at spx 1956 level? Thx.
ReplyDeletedid in Monday's report: it is labeled as i-ii-iii
Deleteit was tradable set up on Friday morning
look at Monday's late update for reasons why
Delete