This is just for educational purposes and trading is about pattern recognition.
Once you learn how to recognize a pattern, you don't need those fancy indicators.
So let's begin a trade!
In this chart, I am showing the DIA, similar to the YM futures.
The market made a crazy move last Friday, even though it moves that way I find one probable setup that states below.
The two arrows are the entry and exit, and this is a short trade.
As you can see from the first arrow, it formed what they call the bear flag.
That's a sign that the market is now on a bearish trend.
The Entry: $129.65 - for a short sell
The Exit: $129.35 - for a cover
Gain: +$0.30 cents per share (that's a sure trade, if you sold short (you borrow from your broker) a 1,000 shares, that's equivalent to $300.00 in a span of half an hour?).
Not bad for a day's watching the market, isn't it?
