Prime Trade Select - Step 2 - Selecting Entry Point - Less-than-Daily Candlestick Chart

Prime Trade Select - Step 2 - Selecting Entry Point - Less-than-Daily Candlestick Chart

Panel 4 on TOS

Step 2 - REFINE THE PLAN - your exact entry point

- Select a low-risk entry point using the Keltner channel and the MACDBB indicator on the daily chart. Use the Less-than-Daily time-frame (1hr to 5 min) to really see what is going on in the stock price action to try to get the best deal on your option purchase. This includes using the 50/100/200 EMA lines & MACDBB and OBV indicators on this Less-than-Daily chart. Use of this chart should give "flavor" to the daily charts and their associated indicators.