Saturday, October 13, 2018 12:29:13 PM
Hope everyone has had a good week taking advantage of the volatility plays.
As I like to do on weekends, look at my journal and keep fine tuning my favorite set ups. Trying to be more patient, too many small scalps for a few bucks and too much stress. LOL
Looking at the divergence set ups for a potential bounce, then waiting for some type of consolidation afterwards to see if it is going to reverse or just continue down.
With working full time, I am going to try to focus more on looking for the longer divergences that show up on at least 2 out of 3 indicators.
Also I am going to be paying more attention to the MA's in regards to looking at a trade as a bounce play while under the 200 vs. a momentum/continuation play if above the 200 MA. Primarily trading off the 15 minute chart for an entry once the 60 minute chart starts to show potential for a bounce/divergence etc.
I am still trying to piece together some key indicators that I feel will help with the trade ideas/strategies I like to use without having a chart that is too cluttered.
Just some examples
after the initial divergence buy/bounce I am now looking for a consolidation area. I used to always look for the .786 dip and was missing out on a re-entry especially now there isn't much that shows in the indicators in a form of a divergence.
As I like to do on weekends, look at my journal and keep fine tuning my favorite set ups. Trying to be more patient, too many small scalps for a few bucks and too much stress. LOL
Looking at the divergence set ups for a potential bounce, then waiting for some type of consolidation afterwards to see if it is going to reverse or just continue down.
With working full time, I am going to try to focus more on looking for the longer divergences that show up on at least 2 out of 3 indicators.
Also I am going to be paying more attention to the MA's in regards to looking at a trade as a bounce play while under the 200 vs. a momentum/continuation play if above the 200 MA. Primarily trading off the 15 minute chart for an entry once the 60 minute chart starts to show potential for a bounce/divergence etc.
I am still trying to piece together some key indicators that I feel will help with the trade ideas/strategies I like to use without having a chart that is too cluttered.
Just some examples
after the initial divergence buy/bounce I am now looking for a consolidation area. I used to always look for the .786 dip and was missing out on a re-entry especially now there isn't much that shows in the indicators in a form of a divergence.
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