Within PDR but had a WRB closing very weak followed by a NR green bar. Entered short on the 3rd bar. Covered near $37 whole number.
Price action breaking 20 & 50 EMA on 5 min. chart, then retracing only to find resistance from the EMA's and daily pivot forming a doji. Entered short near that area. Covered at PDL.
7 comments:
Great Trading!!!
How did you scan for something like AXP?
Also, I see that your charts have yellow dots that seems to be on bar next to inside bar (IB) is that correct. What are those white dots for? NR?
Thanks for a great blog.
Hi Tajir,
Thanks! I was just on the right side of the trades that day.
AXP was not on my inside bar alert list. After going thru. the inside bar list at 10 a.m. I did not find anything that met my criteria. So I was going through the remaining stocks list on my WL and found AXP.
The yellow dots on the candles after an inside bar which means I get the alert on my Tradestation radarscreen on the start of the next candle after an inside bar.
The ones with white dots is after a WRB but I have not used it much.
How is your trading going on?
Hey Day Tradr,
I'm liking the cradle confluence on the 5min timeframe. Good job.
Thanks Day Tradr for the details.
I am still trying to find my edge. So far 1 step forward and 2 steps back :(
Jim:
Yes, a perfect cradle setup.
Same here Tajir. But I'm sure we will finally get there :)
hello... hapi blogging... have a nice day! just visiting here....
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