The day is not over, but I am done. This market is a grind. Up-down-up-down-up-down.
I managed to catch some action on GS.
Criteria:
- First 3 bars price is unable to close above PDH
- First 3 bars more than 50% of the candles (from high to low) is below the PDH
- First 3 bars are IBs
Negative elements:
- 5DMA is close and could act as support
- Volume is not declining orderly
Entered on a break of the 3rd bar low and exited at RZ.
4 comments:
First time I see this kind of setup, nice trade.
I think it is an interesting setup to study.
yeah baby! very profitable QUICK trade. love it!
i see a couple of decent wings for tomorrow.
make that swings!
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