It seems many of your entry/exit point involve looking at the state of a new 5 min candle. At least that's what I've gathered. Would you agree, or am I just seeing things?
I have to say Scott, you really clued me in on watching the clock with a second hand on it. It has been especially amusing watching the open and close of 15min. candles during range bound trading days.
I will endeavor to post charts showing my daily trading activities in as real time as possible. However when there are fast market conditions there will be several minutes delay while I sort out my positions, then get around to posting the changes here. I trade off 5 minute charts in conjunction with 15 min. charts and pay close attention to 5 min. charts of the S&P 500 and QQQQ.
3 comments:
It seems many of your entry/exit point involve looking at the state of a new 5 min candle. At least that's what I've gathered. Would you agree, or am I just seeing things?
Many times the end/start of a 5 minute candle provides a superior entry or exit point. It happens all the time.
I have to say Scott, you really clued me in on watching the clock with a second hand on it. It has been especially amusing watching the open and close of 15min. candles during range bound trading days.
Thanks for that!
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