SD'S -2023 DON'T JUST SIT THERE TO SURVIVE- MOVE&PROSPER!

[sd]

4-13-2023
fUTURES BULLISH- in the green.
Yesterdays losses-
I jumped into a GDX position at the open took a small loss.


Decided I would go long TQQQ and additionally thought I's average down -thinking I was getting in near the pause that price would turn higher-
Wrong- and one of my largest losses ever-

TQQQ- Really blew it - My interpretation of what the CPI results would be a big bullish mover was wrong- and I compounded my initial mistake-several times over.
Need much more diligence in getting that better entry- and tight stops-
Have to annotate the chart and post -later- minutes to the open
Market futures are bullish on the PPI report....
I'll see if I can recoup some of yesterday's losses today .

Started off small on the upside- tried to add to TQQQ and SOXL- getting chopped here in the sideways range- didn't get the further breakout- down $20.00 or so early on, but making that back mid day


Finally!



At the EOD- I bailed out on trading at mid day to take care of some pressing garden chores- and missed the afternoon rally-

Friday's bank reports are critical in painting the picture- Major banks report- JPM < CITI,

[sd]

4-14-2023
Watching Ross "The Hunt for the Holy Grail indicator" is the search for 'certainty' -
He has -over time- developed his trading approach and narrowed it down- and his long term success in maintaining a profitable trading approach-(Yes, some big losing days as well) He developed his process by going back and analyzing his past winners and losers.

His style is to use a scanner to identify the mover and gappers- looking for the big intraday movers...and volume.


his Free e-book
learn.warriortrading.com/2023-Indicator-Class-Downloads.html
www.youtube.com/watch?v=GXl6IS4fSOE
While I have trimmed my number of indicators down to a few-I'm learning to focus on the price actions-in conjunction with the trend, I find that the
MACD, Macd histogram,CCI, and ADX for strength of trend confirmation...-And- the barcharts I use are the Elder impulse bars which also use a combination of price and momentum to color the bars.
I may add VWAP back in the 2 & 5 min charts to see if it adds any "support
He demonstrates @ 40 minutes in his approach in buying the pullback to the 9 ema....His demonstration suggests that the 1st and 2nd pullback to the uptrending ema are good potential entries to add/enter- but typically a 3rd pullback may not have much gas left...
@ 50 minutes in demonstrates how he uses the MACD crosses as confirmation. He also watches volume- looking for higher green volume vs larger Red volume
on pullbacks- judge it as it pulls back to the fast ema- look for that reentry.- or Buy with a stop just a few cents below that low of that bar -
56 minutes scaLING OUT.
1 HR- MORE ON SCALING IN AND OUT

I'll add volume bars back- and VWAP- and I'll likely scale back my position size instead of jumping in too large- initially- Yes, I want to make that $200.00 day and wipe off that $-125 loss in just 1 day this week- I recognize that I jumped into averaging down on what was an initial entry that turned against me.

Also, since i'm Risk reverse to a fault- but also make rookie impulse moves- Have to get my -be diligent glasses back on.

Major large cap Banks reporting this am- and insurance...

Futures in the RED-
JPM, several others beat- Futures reversed into the green for the Dow & S&P @ 7:15 am--- Nas remains in the RED



However, today may not be the focus on trading- Have to get a load of landscape mix this am and get it unloaded before the rain sets in...

Came in during an 11 am shower to find the markets going into the Red- I sold several positions that I had in the IRA and reduced Share size in CLF- Stop under FCX to protect my entry basis.
I took a small trade in SQQQ- looks choppy with a opening gap up, followed by a sharp drop as markets tried to rally, then surged back higher- rolled over and dropped back and made an attempt to base @ $30.15. Nasdaq is down-.68%
My entry off this possible base based on a move just above the base highs $30.24- and a 2nd blue bar-
Stochastic made a u-Hook, CCI was in oversold and made a U turn , macd histogram is improving from it's deeper bars, and the macd histogram at it's low was shallower than the 1st histogram drop. I'm early as the macd has not made a cross of the fast/slow line- However, I expect this could be a shallow move only.
In the length of time I'm writing this, I haven't seen the live chart to see how this worked out


tHAT WORKED! i ALSO REENTERED ON THE BULLISH UPMOVE-


On the following move higher, I reentered - cost $30.37- stop is a relatively tight $30.32 below the earlier lower swing low-
I'm viewing on both the 2 min and the 5 minute charts.
If this trade stop holds, I may switch to trailing the 5 minute 34 ema like Devoid applies- to stay longer in a trade yet allow some choppy price action. I've an $8 gain on the 1st trade -again just 50 shares- If I can develop better consistency and not do self destructive impulse adds,next week, I may up my size -slowly-gradually.





Got a push higher- stop $30.40- HMMM my fill on this 2nd entry was higher than I expected- $30.48

This could have been reduced hadn I used a buy-stop order to enter closer to the consolidation.
Presently, the trend is seeing consistent closes above the fast ema-

Buy stop to add 25 $30.65 and raise my stop to break even.

It's trying- looks bullish- 12:25-tempted to tighten my stop before the breakout- patience......

Stop- $30.48 B>E>

made a series of buys and trailed stops- too busy to annotate- Gave back 1/3 of my gains on being totally stopped out on tight trailing stops- Seeing price retrace lower- below the fast ema -even on the 5 minute chart.




@1:04 pm- stopped out on staggered stops-I had an $8 gain on the 1st trade- Was up over $30 in terms of profits on the additional trades- but stopped out for a $21. gain on accumulated 75 + shares., Overall trading was well managed- could have tightened the stops a bit closer- but giving it some room to run- seeing a turn here on the 2 min.

RECAP- I ended up net positive on the trades- with relatively small net gains- Had to attend to outside chores- and perhaps that was absolutely the right thing to do as I look at how the trade evolved through the EOD:
Getting stopped out and calling it a day was the smart move!




So- Large cap banks rallied- largely looking ok and profitable- But regional banks are suspect and closed lower-
Q's closed lower Dow lower....

[sd]

Saturday- will annotate the SQQQ trades this am and then head out to the garden chores- Plants to install in their final locations-drip irrigation timer to set up- and add some drip irrigation for the new plants.







iT'S A VERY USEFUL exercise to do the mark up/annotations of the trades I took using the 2 minute chart-
I made some good entries, and some late extended-adds-

1st- I completely missed the R.O.T (reversal of trend ) that occurred @ 10 am- Markets were choppy and I waited it out-

Notice the wide blue bars choppiness at the 10 am area. This seems to often occur in the markets- and it should be watched for -both to the long and short sides.

Trade 1- This was a really well executed entry- as price just nosed above the sideways consolidation- It may have been a buy-stop fill- that was set just a few cents above the basing tops- because it was a narrow consolidation, the stop would have been set just $0.02 below the low that based @ $30.15....
Trade 1 SELL- This was a good move- the stop was initially raised on the move higher and consolidation- and on the 2nd move up- price doing a gap-a-way from the EMA- a big momentum move- setting the stop just below the low of the green bar got taken out as no further buyers stepped in and price reversed to the uptrending ema.
TRADE 2- following the red bar swing low below the ema- a green bar reversed and trade 2 was taken - and price trended higher- I wasn't initially going to add more size -and missed the potential to add above the 30.55 top in the consolidation-
Instead I added Trade 3 as price moved above the next base consolidation- That was a good add- could have done it earlier for a lower cost. Note that the consolidations stay relatively tight to the ema. Trade 3 also recognized the weakness of the prior bar that had dropped below the ema, then made a topping doji on the next bar. so not jumping in and waiting for the upmove was prudent.

Trade 2 sell- This was a sell a partial 25 shares into the momo move well away from the ema- and raise the stop on the remaining 50 shares giving it just a bit of room- Sells 3&4 were on staggered 25 share stops- netting gains- but perhaps should have sold All at the higher stop- recognizing that price was extended- Note that big gap up in the fast ema from the other emas-
quite the momentum pull-away -and these are never sustainable- You just don't know how far they may go...so keep trailing raised stops.

Trade 4- Here is where I got anxious- thinking the trade was about to make another leg move up- so I bought the higher up move- adding 50 more shares- holding 100- I should have sold the 75 share position at the higher stop- and not at the wider stop- or sold the entire at that higher stop- I had netted some gain on part of the sell- but negated by the loss of the higher entry.

Trade 5 -I had glanced away- and was slow to jump in long on that green bar that got back above the emas it did catch the upmove back to the prior high- and I then made the mistake-again- of adding at that higher level anticipating a dbl top breakout was about to occur. That up move never occurred- and the entire position stopped out and price downtrended - and I called it a day-and didn't look to go long TQQQ as i had a truck load of landscape mix to unload-
Overall I'll give myself a B- ,C+ grade on the day.

Potentially, I could have made that Trade 1 entry $30.25 and trailed a stop at the 34 ema- and stopped out $30.65 for a net + $0.40 gain - or +1.3%-- and I may try that approach on a part of a position in future trading- Taking advantage of selling the Gap-aways nets a nice profit- but I need to consider taking the approach Ross talked about in the video about reentering back when price has pulled back to the uptrending ema.

Ended the week still in the red due to that bigger loss taken earlier in the week- but I'll try to take better trades next week. This exercise of reviewing and printing out a recap of the trades made is something I need to do daily- But it's time consuming when just clicking the buy or sell is so quick and easy to do.
Almost seems like homework......

[sd]

Devoid posts his long only trades- on the Leavitt brothers.com website- as well as several other active members.
He trades on the Long side only- so he trades the TQQQ- which has been trending well with the Nasdaq QQQ's outperforming YTD.

Comparing his approach- he often holds trades for a longer period- on the 5 minute chart....
So his Friday trades - 1 scratch for a small loss and 2 winning trades- He uses the MACd 5 minute cross as a confirmation-for an entry-and potentially the fast stochastic. He has had a good success overall with his trading- and typically will allow price to retrace back to the 34 ema-
in learning by viewing others trades- I recognize that my very fast ,short term 2 minute trading may be due to my aversion to taking a loss- and so I'm not willing to hold into a large downtrurn -and give back a large % of the potential gains.
In viewing his Friday 3 trades in TQQQ-
Trade 1 was early on the open and bought Long into a gap down on the opening bar- Did not follow the MACd cross at all -captured a large reversal move higher- and stopped out on a raised stop on what appears to be a very early entry assuming a bottom had been made-
Trade 2 was an early entry in a base in a downtrend, that then made an initial momentum move higher..and stopped out for a minor loss - but this trade entry was in a significant downtrend.
Trade 3 - was a later entry on a R.O.T. Price hit a high at the 34 downtrending ema, reversed lower, made a dbl bottom- and the entry was a slower delayed Macd entry- aligned with the hook on the stochastic-
The trade was held despite the late afternoon pullback that did not stop out at the 34 ema although it penetrated well below it- Then rallied back higher- and was sold just before the close





Another RED BOX example for an ideal low risk entry- but -are these just after the fact fitting the fork to the completed price action?


From : www.leavittbrothers.com/ Trial memberships are available...

and others share their different market approaches-GEO- FIB and FORK applications- looking for a retest down to the .941- so that appears to be a higher low in a downtrend-

UA chart /w/forks -2 forks drawn here- The $9.40 to $5.74 OCt 2022 had that red box $5.82 higher low price reversal- So, potentially the RISK in taking the .941 entry would be just $0.08 using the prior $5.74 swing low. How many of these trades work out reaching the mid line or the upper fork line? Note the green line out of the low red box. In this 1st trend, price exceeded the top fork line - which could be considered the Targeted sell ...
Then, a new declining fork uses tyhe swing high/low and the prior early high $9.40 to construct the downtrend line-


I posted the chart of UA above without any markings- and went back in time a couple of months. I'll go back further in time to see if the price upswing that occurred jul 26 - a higher swing low- did that stay close to the fork lines

In this example I drew, the price did rebound to the middle fork as a potential target?


How about this one? NOPE


Maybe- this one has that potential red box .941 slightly higher swing low



HMMM- how about this one- Seems that different interpretations as to where to set the starting point determine the entire outcome -



The GOAT chart- using standard deviation levels on the ES: Different strokes for different folks-



The advantage in viewing a group website with the different applications- helps to set the bar as to which type of approach one can relate to-
For my 2 bits- and limited understanding- I find Devoid's approach the most relevant- that i CAN RELATE TO- With the least amount of learning curve. That said, there are others that also post their styles and approach and that's informative- - For swing trades- holding for multiple days and higher targets- the Jason/ approach seeks to capture trending multi-day moves....

[sd]

Sunday was a great family day- Trip to the local farmer's market and meeting our youngest daughter and several of her friends there-
Great time- picked up some veg and herb plants, sampled some different peanuts flavoring, pralines, and had a unique flat bread sandwich....with a mix of different flavors,cheeses, .....A fun time for all and supporting the local vendors-
Wrapped up the day by taking a pickup truckload of landscape mix- topsoil and mulch combination, and topped off our daughter's planters and planted most of the planters- Raspberries, Cucumbers, Tomatoes, a Mulberry, squash, zucchini,...strawberries-
For the raspberries- we had purchased a 5' wide kiddie pool, drilled drainage holes around the perimeter- added soil mix, peat, fertilizer - and wrapped with 6' of silt fence wire around the perimeter- to keep the raspberries contained . I also did this with another of the $12 plastic pools- 8" deep, and planted a couple of onion sets in there .....It was a fun and productive day! I still have to complete several areas that i intend to plant additional Hardy and also Fuzzy kiwi plants- and the drip irrigation on the timer- should get that done this week, and the gardening areas will be fairly self-sufficient- Weed block, mulch, and daily irrigation on a timer takes a lot of initial upfront, but potentially saves hundred of future hours of tedious maintenance during the growing season...
I'll likely expand on my gardening interests in the Photos blog later this year- required life diversification to not be too consumed and singularly focused on trading as my only interest....And some fishing once a week!
Sector performance was not inspired Friday despite the large cap Bank earnings beats- This week the regional banks will start reporting- and the new realities of higher rates, tighter qualifications, and an expected and projected economic slowdown sets the stage for overall market weakness.
Many pundits still promote the thesis that we will have to see a significant reduction in valuations to get the lowered earnings into the financial valuations.But- all the time I've listened to this- a narrow market has led the Nas and s&P higher YTD>>>>

[sd]

4-17-2023-
Just got home with a load of mulch to see the markets open .
Futures were net flat .

Should get some regional banks reporting this week.

Markets are flat, mild @ 9:45 am- - Tech flat- bitcoin down -
Blueskys,sunshine here and mid 60's- I'll pass this am on focusing on any trading and head out to do some remaining planting, hooking up the irrigation valves and timer-

EOD- Didn't view the markets as the day progressed- NO FOMO-LOL!
Did get some critical plants in the ground, but didn't get to the irrigation stuff- Perhaps tomorrow-

[sd]

4-18-24 Futures in the green premarket -7 am

I have RYE-energy E.W. position in the IRA that I entered early last week- that I may take a loss on today-
Markets continue to push forward-
So, what will prompt the much anticipated pullback? The large cap banks have weathered the storm and are moving higher.
Regional banks were/are expected to provide more negative results- tightening their credit standards- showing deposits fleeing to the big banks and fixed income as rates are up so much- Appl offered rates for 4.77% in a combination with GS yesterday!.
AAPL opens it's 1srt store in INDIA this week.

Goldman Sachs- Missed on Revenues- red- Down -3.5%
BAC tops estimates-

So easy to find reasons to think the bears ultimately get their day with a market retracement...
Of course, this bearish view became my bias- and I missed the bigger moves underlying the markets- both Q's and Spy up on the YTD-

The reality is we are still well below the 2022 peak- ($4800) and consider that the $4200 level is now a resistance level to be overcome....with $3700 the range low now- vs the lower $3500 level that was made in October.









UBER made a strong close Yesterday- moving out of it's recent pullback consolidation- reports 5-2uber
hEADING out - to complete the drip irrigation...Tried a couple of trades, and both SOXL, TQQQ reversed-
Didn't take the UBER trade at the high gap open- and it's still moving higher.
Long SCHW -
added more- dbld to the GCOW conservative position n in the IRA- stop average above my entry cost.

@ 10 am- the SOXL, TQQQ weakening-


Used the pullback and potential basing to take a UBER position .Cost $32.51- Stop $32.40 on the 5 min - Risk is $11.00/100 shares

[sd]

4-19-2023 Futures in the Red premarket-

Seems that the markets already have priced in the higher rates and see the banking issues as no issue- and inflation is gradually coming down a bit- but slowly.
Saw the Fed's Bostik yesterday reiterating his stance on keeping rates in place until high inflation is clearly beaten- Unfortunately, I remain bearish and defensive- taking only short term swings. and not willing to hold through a decline a little below my cost of entry-

The better investor buys when the price has declined- but I don't want to buy into a downtrend- I want to see price rising-
NVDA would be a great example of when -as an investor- the opportunity to buy the weakness- But that's because it's in an uptrend- but not every pullback entry would have seen a quick move higher- patience would be required. -Feb 21 entry @ the 21 ema would see price drop lower, the next day, then a gap up and sideways for a month then dropping back to the 21 ema..and giving back a lot of that paper gain, and looking ready to decline further- but it then gaps higher-


AND AGAIN- THE ONCE VERY HIGH FLYING NVDA:
Lots of followers and believers- but expecting this to get back to the 2021 high is very much a longshot



Several Regional Banks reporting today-These are holders of Commercial Real-Estate loans at lower rates and now seeing defaults as the commercial real estate market comes under pressures. This decline in real estate occupancy is expected to persist for some time into the future. Regional banks are the larger issuers of real estate loans. Regional banks- grouped in the KRE - Saw major sell-offs due to the SVG crisis-Savvy Investors sold 1st without waiting to ask "WHY" -or to see if their bank was a concern-


SCHW- both a banking and a brokerage firm- Oversold?


Pretty darn volatile!


And the $vix- Complacency reigns ! Time to be the contrarian and go short!


But , I'm heading out today to try to complete and make some repairs on the irrigation lines- Had some fittings that split due to freezing, and have to complete some new runs...


Just ahead of the open- Red remains.

small positions -SDS,SQQQ 50 shares each with stops risking $10.00 below the opening 15 minute swing lows.
Also small position in TSLQ- just 25 shares -

Looking to watch the markets to see if it turns at 10 am-


www.markethingych.com/story/most-day-traders-flop-these-researchers-say-one-popular-strategy-works-82a3f7b9?mod=home-page

SDS trade stops out

SQQQ TRADE STILL ALIVE




Update- Both Day trades stopped out-
The initial stop hit in SQQQ marked the start of a decline that persisted, as the markets reversed the negative trend at the open.
As was pointed out to me at LB, Gaps often -not always- Fill



I have gains in trades SCHW and TSLQ taken yesterday and held as swings. These easily offset my day trade losses-
I'll set my stops on TSLQ and SCHW now at my cost of entry- and not trail tight -take the "investor approach" that the market will eward this buy at these low points-
Ultimately, how far will these 2 trades go? On any close below the Daily ema, stops will elevate-





One of the Red box posts from Leavitt brothers...GEO-
What i think I just realized -is that the trade to short signal - was it at the high of that day? Likely not- needed a lower Close to realize it was a red box short....Otherwise, during the recent uptrend, the forks would be drawn progressively at each new high-
I think what I am saying, is that during the prior uptrend, Forks would be drawn at every new high- and then the price action watched to see if it indicated a reversal signal - The next question is to ask whether the short trade gets initiated at the confirming lower Close on that bar-


If i had more time available, I would go back and post similar Forks for each rise in price-

[sd]

4-20-2023
So, Thursday premarket futures ae all RED-
I'm long SCHW and TSLQ- hoping to allow these to become multi day swing trades...
I'll try a daytrade or two today- with smaller size- entries- based on my stop- Don't want to lose more than a $20 on anyone trade.
Regional banks in the RED - BX down slightly- BX is known for it's promotion as an ESG advovocate-


TSLA reported yesterday with the markets not happy- TSLQ is indicated to be up +7% premarket- Chart up through yesterday....Should be a gap higher open-Small position only as TSLA can be very volatile- My Entry Cost $49.09 - I'm going to set the stop not at B.E. - but allow the stop to drop below the Round number to $48.90-
This is a small position - just $25 shares- Risking a small amount into an earnings report- that looks to be a potential win- I'll watch this today , and potentially add- or possibly sell-



nOW Trying to hold SCHW as a swing- But Regional banks all in the RED, and premarket SCHW is also down-but above my entry cost $53.67-
nOT willing to give much back -so I'll set a stop $53.48 . Had a $200 gain yesterday at the Close- Now that is down by 50% this am if the premarket pricing holds.



Raised my trailing stop on SCHW as it made a big recovery higher this am- Also tightened TSLQ stop and added a buy-stop ADD


Good move- SCHW sold as it pulled back and hit my tight stop- I had waffled on this and then decided to set the higher stop for the entire position- To hell with being the Optimist....I sold 25 shares into the upmove, and then 75 shares stopped out -selling for less..



Breaking that down to a 5 min chart- nOTE THAT PRICE opened below yesterday's Close, tried to rally back- where I sold 25- and then set a tight stop on the remainder-
Price continued to downtrend Closing @ $54 .00




So, here's what I missed - the develkopment of a large trending move that occurred later this afternoon- I was out testing and adjusting the drip irrigation lines I have installed-



TSLQ position likely stops out- at the opening 5 minutes.



Regional banks and SCHW up premarket.

OPEN- Stock charts is dropping out on me.....! TSLQ stop gets hit by pennies at the open drop-
SCHW and KRE both were up premarket- but dropping-

Stockcharts back on line-9:47

PMI reports- bullish/strong- should support a continuation of the upside in stocks-Tech- I'm on the wrong side- long SQQQ

Got that higher move @ 9:50 -




I added to the SQQQ position 50 shares-and tightened the stop- thought the trend would gain momentum- Price dropped a bit, got stopped out for a $6 net gain on the trade- but stockcharts keeps dropping out - and I see that members @ LB have the same issues-

Stockcharts blipped back on for a few seconds- so I got a quick screenshot- Over she goes- and stockcharts drops out again-
Heading outside to spread a truckfull of mulch

[sd]

Friday- Futures Flat - waiting on earnings and guidance...

Bold Headline on CNBC:

A recession is coming — and stock markets won’t come through it unscathed, strategist says
PUBLISHED FRI, APR 21 20235:47 AM EDT
[/b]

www.cnbc.com/2023/04/21/a-recession-is-coming-and-equity-markets-may-incur-some-pain-strategist-says.html-
But this has been the mantra for the past year- with the inverted 2yr/10 yr- Just eaxactly is the "WHEN" The markets obviously don't think so- and large cap Tech has been dragging the indexes higher-
TSLA is showing a $1 gain premarket-I had added 25 shares to TSLQ yesterday, but sold for a bit of change on a too tight raised stop- but still holding 25 shares with a very nice gain- but also with a tight stop- @ 7am , TSLQ is trading a bit lower- premarket-
and it potentially could easily give back most of the gap made on a gap fill/retracement. I'll set my stop $52.75 - and look to potentially reenter if I get stopped out on a R.O.T. that favors my taking a re-entry- When things turn South, no one knows when it will stop- or potentially reverse-

With the markets holding strong with gains YTD in the Spy and QQQ's - and trading the leveraged indexes on a day by day basis - for thaT POTENTIALLY 2-3% daily swing...and trying to get a piece of that -
Yesterday- D- the trader i follow the most @ LB-because he's so instructive and shares his approach- Took 4 tries at TQQQ yesterday- and i think held TQQQ into the after market hours based on the MACD cross on the 5 minute chart- He is also a LONG only trader- Potentially because TQQQ is technically in an uptrend. Or that's his bias- Another trader also posted - He trades bidirectionally- whatever direction the market- or his trade- wants to go- he tries to adjust to take advantage of that directional shift- long or short...
Stepping back and viewing the bigger picture for context-
TQQQ is technically still in an uptrend with Price and the emas in proper alignment - although we are presently in a sideways consolidation in April...
Yesterday's red bar topping tail doji-on the Daily , obviously did not trade well on the 5 minute time frame...


Viewing this weakness yesterday, and with today's market futures slightly in the Red- I could see the potential for a dr3op close to $26.00- intraday- as that level has now become "support" of sorts over this month
MACD indicator is indicating a negative cross over- initiated by the lower RED bar made 4-13
CCI is indicating a deteriorating weakness-with the fast CCI approaching the 0.0 line.
I will add the Slow stochastic to this time frame in the future.
Notice that the ADX line is still green above red- but merging with the red line- a price move below that $26 price level would bring the ADX +DI fast to cross the --
-DI red line-
MACD histogram - slightly below the 0.0 line- but yesterday's price action caused the histogram to tick a notch lower- a bearish weakening....



Today- I'll watch the markets for a trend - and perhaps the semis- as well as TQQQ- they generally track with each other-
Small caps should be particularly vulnerable due to the Regional banks tightening - and if we indeed slip into a recession, -
So IWM- small cap - in a sideways consolidation range- with the MACD holding in positive -above 0.0 -
but a lack of momentum Fast CCI rolling down due to the recent lower closes by price.
how one tries to get positioned? note the red bars pointing to those days where price opened higher, closed lower



So, the TZA,TNA are the 3x bear and bull for the small caps-



David Keller's reading list-
Always be a student- study, try to continue learning...
In the link there will also be apop up invitation to a 5 week course-
www.marketmisbehavior.com/reading-list


aNother element to study- Particularly when in a sideways consolidation- As was pointed out to me @ LB - when price has a gap directionally, it often gets retraced and filled a large % of the time- I noticed that D will buy-long a large gap open- and this allows him to set a stop under that Low range of the bar-
I'll plan to look deeper into this and perhaps that will also allow me to take better entries - tighter stops-
I often see a turn - or a directional decision starting around the 10 am hour- so that's another area to try to consider -



The TSLQ stopped out in the opening 5 minutes, then it rallied immediately higher- only to lose momentum and decline for the remainder of the session-
Tsla gained about $2 on the day- It was a good day to spread mulch and go back and get another load....

[sd]

4-22-2023 Saturday-
Started out attending to yard stuff- Mulch and more Nandina seeds along the perimeter fence line- Overhanging branches over the fence line- used the dewalt extended 8" electric chain saw- Such a useful tool with a 3 pole extension- lets you reach 12' up while standing on the ground-
Then the Tstorm rolls in -potentially for the afternoon, so I'll post a few charts-
D's approach is one I want to learn to emulate- for day trading-
He posts @ www.leavittbrothers.com/ and I think there is a limited free trial period-
There's 8 or so active members posting daily- with a few others- less often.
So, this is a plug to give it a try - nothing to lose and potentially plenty to gain...
jase also posts his potential trades for swings, and has a commentary he sends out and is available.
Jase also has his Masterclass- -about 18 hours of video time that I'm part way through viewing- and find it worthwhile and instructive for his approach to some primary TA indicators- as well as becoming aware of market conditions and how stocks often follow the macro....Yes- the masterclass costs a modest fee- but it is available for viewing for life.
So, worth viewing and then reviewing as often - at least for myself- information presented on the 1st viewing is not assimilated or retained.






So what's in the picture? The MACD upside cross is an entry signal.


Lost the remainder of my post by somehow entering the wrong key , went to Dropbox- clicked the back arrow, and the entire added post was missing.

So, I spent a fair amount of time reviewing D's posted trades in this chart- Perhaps waaay too much time- but trading on the fast time frames requires the ability to make decisive entry, exit and stay long or stay sitting on one's hands.

Sorry I lost the analysis- i think the criteria for an entry in this chart's 3 separate trades rests with taking an entry when BOTH the STOCHASTIC and the MACD are in alignment-

I think this is the critical component of D's strategy fo- entry is having both the slow stochastic and a MACD in alignment. and making that upside cross.

Because of D's (and others) willingness to share their approaches @ LB's .... It provides me with a look at other's approach to the markets- and I am particularly drawn to the simplistic approach that Devoid employs-
But, while the "simplistic' approach on the surface is underwritten with subtle nuances that at first view may not be evident.
D appears to prefer taking primarily Long positions- although he also posted taking a "hedged" position in the inverse SQQQ .
Perhaps that Long position is because TECH has been the leading YTD sector segment.

As another trader at LB's posted- he is agnostic as to whether he trades on the long side or the Inverse side- He trades to be positioned to go with the prevailing trend in place at the time.

My take-a -way is to further review the merits of the stochastics combined with the MACD to identify the early entry

[sd]

Great Sunday spent with FAMILY- Gymnastic exhibitions and then a Birthday party at the Park for one of our granddaughters- You really cannot ask for more than a day like today!
Keeping Balance in my life - our life- is essential- Today at the Bday party, I met an ex-portfolio manager as of 2022 - who now Home schools his children as his choice to focus on what's most important. Cudos to him and his wife for having the where-with-all to make the decisions to align their personal goals with their children's future....

So, it's important to reflect -on - what is the purpose- what is the goal- of the time one spends in the pursuit of trading "success" .

Emulating others -that have a proven successful approach , is a good place to consider.
@ LB- there is a mix of different traders, different approaches- employing both quick sniper trades,(scalps) intraday swings, and some multi-day swing traders.
So, I find that D- Devoid- has an approach in a short term time frame that is worth my consideration as I shift from a past swing trader to exploring the potential for shorter term day trading. I also find that the discussion between the other's and their different styles...offers a lot of exposure to content that I may not want to try- but perhaps would consider at some point-
Case in Point- There is one trader that has been posting that executes very fast trades - literally making a buy and then selling- often within a 1 minute period- looking to scalp a small % gain- but overall those small scalps accumulate to a net larger % gain on the day- with a very high %success rate for gains and very few losses-
Compared to the 5 minute swings that D takes- I find i am favoring using the 2 minute faster time frame- and - in fairness- this time frame divides the 5 minute bar 2.5x... However, so far i have mixed results-and think I capture the bulk of a momentum move- But D's example is to try to hang on for a larger gain with a longer hold....

So, making small adjustments, just a touch at a time....and doing the comparative analysis- is the process I need to follow....

As Jase pointed out in his messaging this week- It's a good time to be plying your approach- but - the markets are not strongly trending- So, reduce the position size down- the goal is not to make a lot of $$$- but to make a lot of trades that develop the consistency one needs to build to have confidence in.

In the course of this Blog, I have also referred to Ross- Warrior Trading- as one of the best examples of Day trading- Without a doubt, he is a great example of the day trading opportunity that few will achieve-
And -Why is that?
Because- as this points out-The Operator- that is you and i , are the keys to whether we can benefit or decline- because of the way we initiate and manage our trades....And sometimes the differential between achieving success or seeing primarily declines can be a subtle nuance in the way we approach the trade, the stop-loss, the too early sell ...

What we also need to do is the analysis- how did we execute the present trade? What did we do correctly? Where were we slow to react?

An observation about trading from D to Jase:

Jase, excellent comments in your PM Obs regarding trading systems vs the trader. I've come to believe the same, it is 20% system, 80% trader. In my swing and daytrading systems (which are simple trend-following methodologies), I've always considered my Signals to be just signposts to points of interest. "You may want to consider doing something here because probabilities are now in your favor." Like signposts on a road saying "curves ahead" or "reduce speed". You still have to steer the car and tap the brakes, otherwise off the cliff you go. Tiger Woods with a set of Kmart clubs would kill any of us hacks playing with our Pings. Hell, he'd beat us with a 7 iron and a putter. So your point is to work on ourselves and our execution to the tools we use and protection of our capital along the way, and learn as we go. Don't modify (add, delete, change setting of) a tool unless it is steering us wrong more often than not, and don't waste a lot of time learning other peoples' systems UNLESS you haven't found your system yet. Cheers.-D

So, if you are here and reading this Strategies thread post of SD's-
give this website a look - You have the benefit of different traders that post charts and trades-
www.leavittbrothers.com/about.cfm?&CFID=28445474&CFTOKEN=c3ffa5c5ee5b7bed-3A86EA59-155D-974A-75DBF6755C8D952E

And the masterclass -
www.leavittbrothers.com/masterclass.cfm?&CFID=28445474&CFTOKEN=c3ffa5c5ee5b7bed-3A86EA59-155D-974A-75DBF6755C8D952E

[sd]

Monday- 178 companies report this week- including a lot of the Big tech names-
Saw Dan Niles this am- he's sold out of his Tech names- and thinks that earnings will come in on the low side....
Futures flat/red- @ 9 am....

Let's see if TSLA loses ground today- I may jump into TSLQ -short-
If large cap Tech disappoints the street , that will potentially be the catalyst for the sector to retrace lower. So, TQQQ, and SQQQ will be the ones to focus on-
Semi sector as well-
Small caps- should be seen as under pressure in this restricted economic lending cycle as we see banks choking-on higher rates, and tightening lending standards....





TQQQ appears to be in a decline.....


Just watching the opening- the most difficult time to take a position.


Someone got sucked into the TSLQ premarket push higher- look at that reversal!


D's early entry in TQQQ-

I'm watching the pullback @ 9:49 - to see if it makes a basing/consolidation...
No other trades taken -being a student at the open...

@ 10 am- Price is making a turn lower- indicators rolling over . one attempt to push up failed- topping tail -indiocates a move lower likely.

The 5 min chart- Price moving lower- MACD rolling over but well above the 0.0 line-


SQQQ appeared to consolidate- I set a buy-stop above- it filled, stop below the consolidation- This stops out on me




@ 10:18 LONG TSLQ as it's testing the opening high following a pullback pre 10 am.


OK 10:25 got a gap and then another gap higher- Stop was moved to $53.30 slightly above my entry cost- I'll raise the stop to $53.48 - 2 cents below the $.50 . level.
50 share position-



Ended up catching a good momentum surge- I trailed stops 10-15 cents behind price- the $54.47 stop gets hit as price momentum drops.


Took a re-entry- a higher buystop filled $54.67 when price rebounded higher- Hower, it then pulled back and stopped out $54.48


Viewing TQQQ on both the 2 min and the 5 min time frames side by side- Notice how the 5 min MACD is still very bearish, but the 2 minute almost made an upside cross - but then price drops lower.


SOXS- going my way stop will be raised to cover my entry on this gap up move,





Stop raised- Risking $0.02 cents- Price again pulling back to the fast ema. I'm just below PSAR...




Going long in SQQQ- missed the bigger initial R.O.T. @ 10:35 - This Pro-boards Website is having issues uploading -trying again



SQQQ has moved higher- I'm now trailing split stops - using the PSAR values on the 2 min. If I see a momo surge, I'll jump and sell a portion and trail a tighter stop-
In with a 100 share position- I'm also seeing memory issues- with Share-x- May be that my drive is filled to capacity - I'll have to upload the C: Drive photos to the SSD I recently bought.

Getting the upmove here- presently price is $31.51-




Sold 25 shares $31.52 on a stop jumped above psar- that was filled as price pulls back-
My remaining stops are presently in jeopardy with a red bar pullback below the fast ema- and just above my highest stop - $31.47, $31.45


That RED bar took me out- so, a relative small profit -
Presently I'm up above $50.00 in net gains on the day- Trying to take some more thoughtful trades- added some size up to 100 shares on the SQQQ trade-

Jumped back into SQQQ on the Green bar after the red....100 shares- initial stop risking $9. $31.46- using the 2 min chart .



Computer issues were due to my computer's RAM -being overloaded with hundreds of cookies over the years- I went through and spent 30 minutes deleting the cookies that have accumulated - and only allowed a few dozen cookies from websites I typically access-
Computer froze when I did this- had to do a restart- and everything seems OK-

Trading SOXS 2:44 pm - saw this step up consolidation- just printed a lower red bar- stop is with the psar on the 2 minute chart and stopped out as I posted this chart

Heading outside @ 3 pm- not chasing other trades for the moment-retaining a small (+$41) net gain on the day trades.

[sd]

Tuesday 4-25-2023
Futures in the RED @ 7:30-

some commentary yesterday AH @ LB's : Fortunately, some of these very experienced traders post their methods, process, and thinking....
"
"we honor another trader's work by spending a hunderd hours deep dive to understand their work... EVERY POST that BEAST has made i have created a // chart to see how my work is able to see his.. over decades RAT and I have seen time and again traders who ask questiions indicating that they have never done the work" -GEO
"The Fibonacci moving average (FMA) is a type of moving average that calculates many exponential moving averages using lookback periods from the Fibonacci sequence on both highs and lows to form a dynamic support/resistance zone. "

"Yes to all that. The moving averages, or cyclical indicators are always telling you which way price is likely to go…there is a chicken and egg thing here though, because the cyclical indicators are TIME, and only do what they do because of price action…which interacts with FIBS…so PRICE, FIBS, and TIME are inextricably linked. Once you understand that, there is no mystery. "

"ERX- here i am using BEAST tools as I see it on my charts after red box...... B EAST feel free to comment "


Here is my Explanation using the ERX Daily 15 minute and 5 minute - enclosed
ERX- Daily, 15 and 5 minute:
First the Daily. The trend is up since March 24th. Know your trend first. And what appears, but my favorite (and McClennan's) MA knot (moving average knot) comprised of the 20 and 50 MA. Any knot with the 50 MA in it is going to carry weight because it's the main Buy The Dip Algo keyed to the Buy The Dip stock trader. It's an obvious spot of support and reversal. That's simply a fact. If price falls through that, then the Bears are taking over.
Now that you have the Big Picture in your head, use the 15 minute as guide. First things first. If there is ONLY a hook on the MACD 12, 26 and no where else - YOU TAKE THE TRADE. Rule is "Ignore hooks at your own peril - Period." However, you must keep guiding chart in your head. There will be many hooks on a 20 second chart, but we are using a 15 minute guide and 5 minute chart to trade here. The 15 minute chart Rules.
On the 15 minute chart - price bases (sideways) on the afternoon of April 21st. The MACD 12, 26 forms a bull hook Start looking for a trade on a shorter time frame (in this case the 5 minute since Geo is using that and he asked for this). You are expecting price to reverse at the Daily MA knot and the 15 minute does not disappoint. Bull Hook on the MACD 2,3 (short term momentum is on your side) and the Stochastic has a clear bull hook too. It's Miller Time!
You find the trade on the 5 minute chart and take the long at $60.57 Price has based there also with a bull hook (divergence) on the MACD 12, 26. Party Time.
There is no reason to question the move up for most of the day on the 15 minute chart as price stays above the MA's and the RSI and Stochastic stay above overbought. Let it ride. Something I can't quantify (but I would love too) is when the CCI's get WAY HIGH or WAY LOW as they do at 9 am CST on April 24th - that's typically a sign that it will reverse - but it takes a while. How high is high and how low is low - I can't quantify it- it just sticks out like a sore thumb. It's just a hallmark of a reversal coming.
Where's the exit?
On the 15 minute chart, the price moves pretty far away from the MA's. It's a bubble, but there is no weakness for a long time since the RSI and Stochastic show no signs of weakness. Remember, that darn Stochastic has to get in a position near the overbought line (or form a hook) before anything is going to reverse. That's another fact. Once you know that - no angst. Let the trade ride. Chew bubblegum, kiss your girlfriend, whatever...
At the 2:15-2:30 pm CST bar, you have your setup. Price is still well above the MA's - its a bubble trade. It's also a scalp as the RSI has been in overbought. Bear hooks everywhere.
Look to the 5 minute chart. The 5 minute chart has had an MACD Bear hook earlier at 11:25 CST which you would have ignored for 2 reasons. First, the t1:25 CST is a great hook - but too high above the zero line Normally, I would LOVE to trade that, but a quick look at your GUIDING 15 minute chart tells you all of the indicators on that chart are no where near crossing any line. They are UP there. Go back to what I said early - Let it Ride!
Finally, after 2 pm CST - your 15 minute shows the Bear hook formed. The 5 minute has the MACD with a new Bear hook MUCH CLOSER to the zero line (which is where you want to be) and bull hooks everywhere else with a Price/MACD major divergence. It's a bubble trade scalp. If day trading, exit there and since Geo was showing the 5 minute - that's the exit. You could ride it short to the close if you want.
Same setup - different day.
Cheers, Geo!




I want to extend my appreciation for the willingness for the traders here @ LB that are willing to share their trading methods , charts, and also include explanations- A great resource for those of us on a pathway with a willingness to learn...and the examples shared are a great resource of different varied methods- So, Thanks to all of you experienced traders that take the time to post and share for the benefit of those of us getting our feet on the ground. , - ksowter101, 18:06 04/24/2023
You Sir, are more than welcome. Thank you. , - Beast, 19:08 04/24/2023

As an example -in your response to Geo- you go into some depth in how you don't get quickly shaken out on the 5 because of the way you view and interpret the 15...as the more dominant trend- That perception- That only comes with thousands of screen hours- perhaps thousands of trades , (Years) that allow you to make that assessment and the willingness to not react to a minor fluctuation in order to achieve the larger gain- I think that is a theme that many other day traders also seek to follow... That only comes with a great deal of experience is my take- Presently I'm very much in the KNEWT 1 stage- protecting the gains, taking the small losses... and enjoy the learning process- of exploring trading on the faster time frames- Trading to learn vs seeking to Earn is where I am at in my process- With the majority of $$$ in money market funds- the goal is to not lose on the remainder- Btw , your market updates are also informative! - ksowter101, 19:55 04/24/2023

Thanks. I believe that pretty much everything in the market are based on Moving Averages. The question is which is the dominant moving average controlling the market at any give time. Slow sideways trading - it's pretty much the 4 minute as a guide and the 20 second trading it. When the market is treading for a few days - then look at the MA's on 15 minute and higher charts. The Big long Bull or Bear Markets - the Daily and 120 minute MA's. I don't care what time frame Rat shows, I can find a chart with an MA that will fit where it will turn - similar to what I showed here with the Daily MA knot as a place the chart "should" hold price for support on smaller time frames. Almost all indicators have a moving average somewhere in their formula (not the Andrews Pitchfork which makes it fairly unique). Since they are used by most algos - that means that at some point - short term algos are controlling the market and at other times longer term algos are controlling the market. You can see the market change character change from one to the other in scalp trades on my system. First the 4 minute MA's are tested. If they are broken through, then move to the 10 and 15 minute MA's to see if they hold or don't. If they are broken then move up. It's how I keep my system working in all types of market environments. Someday, I should write it all up with examples and definitions...someday...FWIW. - Beast, 20:29 04/24/2023

Great thread here, and excellent explanations that should allow traders using any semblance of these tools to find trades. Rat...

BEAST- Thank you for your post. I would like to put into words my mentor's core thought with both your and my tools.. H said '' it is all just geometry..BEAST( MOVING AVERAGES)...... GEO( LINES , FIB , PATTERNS) but in the end we are trading time. Time is the key to unlocking the geometry BEAST( INDICATORS)..... GEO( INDICATORS and BANDS)...... When TIME comes in and the GEOMETRY is there PRICE must lead..... - geo, 08:18 04/25/2023
Traders have noted that price will often return to the red box a second time. in the posted ERX example both your time and my time was not there with the geometry until the second entry. - geo, 09:23 04/25/2023
You are welcome and I agree with you 100%. Rat has been pointing TIME out to me ever since we started comparing charts. Rat pointed that out below in his comments. Cheers! - Beast, 09:20 04/25/2023

BEAST- Thank you for your post. I would like to put into words my mentor's core thought with both your and my tools.. H said '' it is all just geometry..BEAST( MOVING AVERAGES)...... GEO( LINES , FIB , PATTERNS) but in the end we are trading time. Time is the key to unlocking the geometry BEAST( INDICATORS)..... GEO( INDICATORS and BANDS)...... When TIME comes in and the GEOMETRY is there PRICE must lead..... - geo, 08:18 04/25/2023
Traders have noted that price will often return to the red box a second time. in the posted ERX example both your time and my time was not there with the geometry until the second entry. - geo, 09:23 04/25/2023
+1 and a Beast! - Beast, 09:57 04/25/2023
+1 - rat89, 09:44 04/25/2023
You are welcome and I agree with you 100%. Rat has been pointing TIME out to me ever since we started comparing charts. Rat pointed that out below in his comments. Cheers! - Beast, 09:20 04/25/2023
yes the above concept was one of the first thing RAT and i discussed years ago - geo, 09:48 04/25/2023


Sample of some content -found @ LB- So, if you're browsing here- check them out ; free 2 week trial -


www.leavittbrothers.com/members/register.cfm

Jason's Mini intro Masterclass on Youtube- a 2+ hr free introduction to some of the content he provides- expanded in his Masterclass.
www.youtube.com/watch?v=BBHzXG9Eicw


Goog and MSFT reporting - Mega cap tech has led the rally this year- Will it continue? Will earnings provide the results the markets expect based on present valuations? And future potential earnings.

Where I am- is still very early in the process of trying to develop a level of consistency in taking day trades -primarily relying on the 2 min and 5 minute time frames- It seems that 5 minutes is the most referred to time frame- but I'm trying to use the 2 minute to better trail a momentum move- perhaps someday I can graduate to allowing price more leeway- and use the slower 5 or even the 15 minute-
Started off conservatively with 50 share lots initially- adjusted up to 100 share size- On average, I would say that a wide stop on entry would be when I use a buy-stop to enter on a break out of a consolidation range- and typically that would be in a $0.15 ~ +/- range to the bottom of the range-
So -a 100 share entry Risks a potential -$15 - $20.00 loss-
I'm still unsure as to where to jump in on the Open- It seems that often Price may

MCD- beats $263 vs $233 Est.
Futures still in the REd across the board @ 9:20 am



Got stopped out in SQQQ- waited for the 2 minute to put in an initial higher bar- Actual fill was $31.48- with a 2nd bullish bar following- but it failed to hold-
I set my stop just below the opening bar low.


Bank in SQQQ on the break up move- 100 shares- wider stop @ PSAR - also viewing with the RENKO 1 minute

I'm noticing that the RENKO 1 minute Psar stop is lower than the 2 min PSAR stop on the Elder
If this trade, with the wider stop fails - I'll likely call it a day for trading with Size- as I will control/limit my losses to less than $50.00 on any day.
Here's a big red bar challenging my stop:


My slower and lower Renko stop $31.25 did not fill- However the 2 min PSAR would have been hit- so the 2 min has a psar sell while the Renko 1 minute psar is $31.33- My stop is moved up to $31.29 . It's presently 10:07, price is indicating an upmove green bar



As price made a good thrust higher, I've raised my stops above my Entry cost on the entire position. I set a sell stop @ 31.68 below the bar low, and it was subsequently filled- Remaining stops $31.64

i.imgur.com/LcaASWe.png

An observation on this 2nd entry- I was caught unprepared to enter and chased that only to enter the green bar at it's peak $31.57 .
I should have had a potential buy order with an overhead stop-market to have gotten the earlier and better fill .
Price made another thrust higher, but weakened a moment ago- stop is still $31.64. Renko bars are still uptrending- but the stop is at $31.42 on the Renko- $31.51 on the 2 min.



With Price sideways, and considering my earlier 25 sell netted some profit gain, I'm going to adjust my stops to essentially get me out at Break Even if price comes down further- $31.57 is my recent entry cost, stops will be set $31.58 so I'm giving price a bit of leeway- but out at a 0.0 loss. Looking for that larger gain .
Added 50 shares $31.80 up move- raised stops et al $31.69

@ 10:38 holding 125 shares revised- -stops at B.E. $31.64 to see if we can get a bit more upside- Since I have an $8 cushion on my 1st sell- the stop Risks a loss below my entry cost by $0.02 - WHY? because I hope that Price respects the low of this basing range- $31.65 - on any pullback.
One aspect of price on this time frame is that it often finds repeat buyers near the lows in the range- but it looks like it's about to test that
RENKO printing a couple of dbl top bars





Will that prove to have been a smart place to EXIT?
Lost on Trade 1, Made a small gain by selling into strength- 25 shares- That provided a small cushion.
Let's see where price goes before it bottoms- Semis showing weakness this week.
Notice that the RENKO psar caught up and matched my stop level...


@ 10:58 Price rebounded off the 34 ema- D's go-to- as a potential stop level. I'm not chasing it here- Viewing the 2 min + the 5 min , the 1 min Renko



Things to do outside- Feed some of the garden with liquid fertilizer- May come back and look at markets later today-
Earnings have over 70% reporting meeting educations-
OOPS- Did I say that??? Let's try Expectations LOL!

@ 3:30 -came in for a late lunch- Here's what I missed:



Reflecting on today's SQQQ trades:

I ended up Flat on the day in the AM- but overall pleased that I jumped my stops higher to protect the trades- Took a small portion off to capture a small profit - that initial gain provided a bit of a cushion on the rest of the position - Potentially I could have sold the entire position for a small net gain- but trying to learn to hold for those larger moves-
Had other chores to attend to- and so wrapped it up early after that...
This process of learning to daytrade is indeed a challenge- stimulating- and i want to develop a better sense of when and where to make an entry when price opens -
That seems to be goal #1 - get in earlier- but how do you get that accurate entry based on pre market pricing and potential demand?

[sd]

www.youtube.com/watch?v=dkOyu_kLKjE
Good video to watch, consider, and watch again....
Touches on a lot of the areas that every trader runs into....



Ross' criteria -finding the best momentum trades of the day Make just $0.15 on the day x your position size... (Not my approach trying for the big leagues- I hope to get my teething done on some repetitive trading in the leveraged stocks- )


Watch the examples starting at 57 minutes- and watch again- lessons to be learned----build the consistency...

Trade the 1st and 2nd pullbacks ....
I've posted this previously- but it's good to get positive reinforcement- viewing it multiple times-
Have I traded better recently?
Got to improve that breakout entry...
Should I have stopped out on that initial entry?





Phase 3 :





What i find is that by trailing a stop -usually about $0.10 below price- below the active bar- and below the round number- that it often captures a lot of the upmove on the 2 min time frame- when that multi up move stalls out, it often retraces .
I've gotten more experience in setting staggered stops- and trailing a price/momentum up move- often capturing the majority of that move with raising stops with each 2 minute bar. Will I graduate to a wider 5 minute time frame? Perhaps eventually- Perhaps a compromise- @ a 3 minute bar?