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  • Monday, August 15, 2005

    Prime Trading Setup:Intraday Example

    The above is a good example of waiting for prime setups.The 5 minute chart on DKS shows that MACD was sloping down.MACD was sloping down on 5 minute,15 minute,and the 60 minute charts,Three Lane Highway!I also had large orders come into the book behind my entry making my risk very small about .03 cents.This trade was taken off the Trade-Ideas scanner.It is also on the NYSE Pilot Short List.Patience and discipline pay off.Original short entry at 38.82,covered at 38.69.Second short entry at 38.69,covered at 38.44.Good Trading.


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