Study of Swing Trade Entries using Stochastic, RSI and MA's
Please read notes on chart first.
Yellow arrow and triangle breakout are points (time and place) at which you might buy calls for a swing trade. If your trade is based on 30m timeframe, you can still use 5m to fine tune your entry. Key is that you identify targets and stops based on your 30m chart.
Study white arrow on today's 5m chart for today's swing trade entry. For example, 11/11 181 call ~1.75 near when price was ~178.70, and now is over 3.00. (Price moved well today and this could be a day trade as well.)
Yellow arrow and triangle breakout are points (time and place) at which you might buy calls for a swing trade. If your trade is based on 30m timeframe, you can still use 5m to fine tune your entry. Key is that you identify targets and stops based on your 30m chart.
Study white arrow on today's 5m chart for today's swing trade entry. For example, 11/11 181 call ~1.75 near when price was ~178.70, and now is over 3.00. (Price moved well today and this could be a day trade as well.)