Tuesday, February 11, 2014
Paying homage to the AD line.
Once again, patience pays off big time as all 4 major indices drove upside today above their respective 25m/1 hour open ranges. Early trading hours shuffling for direction on an ALL green market internals told me we where most likely headed upside. On the TF, it was only going to happen if we pushed above the CAM H4 and above the open ranges on a strong AD. Patience paid off as the AD turned upside and opened up a trade to the long on both EMA crossovers.
All 4 major indices on breakout upside above ranges with corresponding EMA charts to keep you in the trade.
Pushing above 750 and in the GREEN with a Green Bias on the TICK gave way to a trending day.
Call for a entry upside on breakout above the CAM H4 and Upper open ranges.
Savior of all. Only on a push above 750 was I going to enter the trade.
Double confirmation. This is no chopping day.
Screen shot of trading screen lining up EMA with Support/Resistance lines and Open Ranges. AD line in lower left corner.