5/21 - Thing to focus on this week
ATR - Every mid-cap and large cap stock, pay attention to the ATR ALL DAY.
Small caps just don't trade from 9:30 CT to 1pm CT. So only morning and power hour.
Make sure the EMAs are actually tested/reclaimed. Wait for confirmation at 3-5 minutes in into the green of the 5 minute candle. Just forget about the 9 EMA after the morning sessions.
If mid-day and higher priced stock. If a mover just came back down from it's highs and specially if it's mid day, just let it grind until there is actual confirmation. Remember the stock needs to rest before doing any other move, assuming there is ATR left to run.
For ORBS, keep doing the same.
Paper trade the R/G except the weak open r/g. The down stock that goes green is what I need to learn and practice with. I still don't have any edge in this move.
Play around with the ATR stop loss, it seems like the first 25-30 minutes the spread is too wide to consider useful. After though it seems to be on point.