Thanks for viewing my blog.
The market ran away from me pretty quickly today and I could'nt find a good entry point to the market. I could have just went long at the open and made plenty, but you know we should never chase. I ended up doing some other things with my morning and decided to wait for the profit taking towards the end of the day and catch a few point that way. Well, it didnt fail. I saw a MACD divergence setting up and that gave me the confidence to short, I used my "sig trade" setup as the entry and It turned out as planned. I have never had a failed MACD divergence trade. Take that for what its's worth. The next time I pull the trigger it will probably fail miserabley!!
It did take a little longer to materialize than I would have liked but sometimes you just have to be patient. My stoploss was in a good place so I felt comfortable waiting. I'm sorry the video is a little long but I wanted to cover all the aspects of the trade. I hope a few can learn from this video. Any comments suggestions or complaints are welcome.
Thanks again for watching.