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Prime Trade Select - Step 2 - Selecting Entry Point - Less-than-Daily Candlestick Chart
3 years ago
8
Prime Trade Select - Step 2 - Selecting Entry Point - Less-than-Daily Candlestick Chart
Panel 4 on TOS
Step 2 - REFINE THE PLAN - your exact entry point
- Select a low-risk entry point using the Keltner channel and the MACDBB indicator on the daily chart. Use the Less-than-Daily time-frame (1hr to 5 min) to really see what is going on in the stock price action to try to get the best deal on your option purchase. This includes using the 50/100/200 EMA lines & MACDBB and OBV indicators on this Less-than-Daily chart. Use of this chart should give "flavor" to the daily charts and their associated indicators.
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