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0623554d-2066-4a8f-a0bf-6aecfce51625
0623554d-2066-4a8f-a0bf-6aecfce51625
By Lauren Snedeker
OBJECTIVES
Ways to search for Trade Set Ups
Reading beyond the individual bars
Understanding the whole picture
Beware of the News
Where to Begin?
1. You can do a manual search
C
A
Steps for Manual Search
1. Determine the overall trend: looking for SOS
in a downtrend, SOW in an uptrend
Sequence 2
SOW 26 Supply Coming In
SOW 7 Supply Coming In
SOW146 No Demand
Look to see if smaller timeframes have
the same signals
Do you see the Rule of Three?
30 min
15
minute 1 Hour
#2: Create a Watch List
You can create a watch list for one
or more symbols
C
A
Supply Coming In
Up Bar
High Close
High Volume = selling present
Ultra High Volume = climactic action, start of
distribution/selling phase
Background: if SOW = stronger signal
Future: look for UpThrusts or No Demands
Emini 30m: Supply Coming In
Check for the Why
If you see ultra high volume
If you see massive wide spread bars
Something triggered that activity
News
Event!!
Emini 15m
Bar A: Supply Coming In
Up Bar
High Close
Ultra High Volume = Distribution
Massive Wide Spread = Climactic Action
Caution/Beware:
Down bars w/High Volume Closing Low
& Next Bar Up = potential strength
****** I have that!
Expect Future Testing
In an Uptrend = a pause or
small decline
Why you hate to wait
You are trading on what you WANT to happen
You get emotionally involved
Its exciting to see so much volume
Its GREAT NEWS
Why you have to wait to short
You are in an uptrend
All your diamonds are green
There is testing within 5 bars after SOW
Smaller timeframes never turn red (3 or 5)
The Trend is your Friend
Caution Tape
Be a Trend Trader