Using the 15 minute chart pays significant benefits.Here we have TZA TNA and NFLX.
I use the 15s as a form of confirmation, another clue to use to make a compelling case for a trade or to add size.
Notice how TZA and TNA both made doji or doji like candles before this and then ran, down and up.
Using these signals I bot TZA and sold and shorted TNA and NFLX.
Into the close we see what happened...
I had the option of taking a quick profit on the initial jump or wait and see if this was an actual trend change. I choose to wait.
Although they did make a reaction back towards the original entry, it never really threatened to turn into a losing trade by taking out the original stops. Another trade would have been to take the 1st profits then wait for them to exhaust themselves and trend again.
Many ways to skin a cat depending on your trading style. These signals are available to anyone and are easy to see if you pay attention.
