It takes time After a while you will get the feel for the signals and when they are Good or False. Right now we are having potential LOD signals on the Intraday charts but Far from a LOD signal on the 5 day charts. Might want to use the MACD crossover signal again as a close for the Puts. As long as we have the MACD moving down and the DMI- and ADX moving higher we have a strong downtrend. We will bounce somewhere but not sure where or how high. Might not be much of a bounce at all. 8250 Dow, 875 S&P should become Resistance now. 8200 should be a psychological support level. After that it will be 8000 IMO. Good Luck Scott! :^)
Good Luck to All! :^) PLAN the TRADE and TRADE the PLAN!
Hi Scott, today's LOD signal at 11am on the 5 min chart is a clear signal I will use. The DMI- went up faster than the ADX, then come back and did a crossunder. The fact that when we got that signal, we were already 200 points down, it's quite safe to get the calls without the MACD crossover. As MACD is a delayed signal.
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