The VWAP is a great tool to always be aware of the trend even during the pull back are we pulling back to VWAP or breaking below? Little things here and there with the VWAP can save you a lot of issues
#2 3 Minute Chart Setup
3 Minute Time frame with 3 EMAS.
8EMA 21EMA 51 EMA
We are looking for these 3 EMAS to be spaced/fanned out nicely showing the overall trend. Would love for Price to stay above 8EMA during a move higher and stay above 21 EMA during pull backs.
#3 MACD
The MACD is on my 3minute Chart. I am looking at MACD cross for Bullish/Bearish Bias. A downward move with a Bullish MACD normally results in choppy action. Same with Upward Bearish MACD. This can save you from buying a failed break out!
#5 15 Minute Chart
I use the 21 EMA on the 15minute Chart. The 15 minute chart shows overall bigger ideas to observe candle structure with Wicks closes etc. Is the 15 Minute chart showing a bottom before 3min?
#6 PIVOT POINTS
Pivot points on the ES/SPY which ever works for you. THESE PIVOT POINTS ARE GOLD! In a trending market expect for these Pivot Point levels to get tested! They are insanely accurate.
Looking for Breakouts/Breakdowns with a Flag formation pulling back. We then look to buy the 4th+ candle that is consolidating and breaking back above the high of the previous candle. This is our entry with our stop trying to be near the recent low for a break out.
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