If Spooz were here, he would tell you that this mornings high was almost exactly 61.8 fib retracement. SPYgrain, what I do is conceptually simple as I trade trend pullbacks. In reality, there is often conflict across the 3 tf's as to what is "trend". That's why I refer to my entries as momentum impulse trades. I will take a setup (pullback) on any of the three tf's so qulifiers are a combo of where price recedes to on each as it relates to my MA's and occilator divergences. I employ targets based on average MFE with stops below/above my entry pivot. As my stops need to be smaller than my targets, sometimes I can't get into a trade but that's OK as I get many signals. I will post a pic of my 45k to give a few examples.
, what MA is this?