Friday, July 2, 2010

Some things I look at when trading...

When TraderSmarts Numbers line up with divergence on the bigger timeframes and a momo killing volume spike - it is go time. My homework (the TraderSmarts Numbers) already provide me with the areas I am interested in initiating trades - when other things line up there is nothing left to think about. This is what I mean when I say I am always aware of what the bigger timeframes are doing.

1 comment:

E said...

Great lesson... I love "stopping volume" and look for divergence on any subsequent new low or high...

both stochastic and volume a truly great tell at one of the major "zones" in play...

You are a true pro.. thanks for the lesson

Happy 4th !