Today's GE scalps shown above.
11:00 divergence of GE and the NYAD on 2 minute bars (white down arrow), which (interestingly) corresponds to an 816 cross.
The divergence lasts 10 minutes (which as mentioned in previous posts, is a typical duration.)
Parabolics fire a SELL on GE at 11:16 while the NYAD continues down.
For my own trading I frequently take the trade after the second 2 minute parabolic signal (white dot) and then double up after 4 dots, as this confirms the trend.
This turned out to be a really nice fade that lasted 18 minutes that produced a .42 gain before the NYAD reversed at 11:38 (big pink blob) and kicked me out of the trade.
The next setup kicks off at 12:50 when GE and the NYAD once again diverge until 13:08 (or 18 minutes, which is on the long side of the expected divergence duration).
At 13:08 the parabolics fire a SELL and GE drops .08 in 2 minutes.
I enter short at 13:09 (late to the game) and exit after only 10 minutes when the parabolics fire a COVER and GE hits the mirror of the NYAD downslope line and projection (orange/blue line).
Net gain from trade = .07 (Hey!, at least it wasn't a loss).
With the NYAD still downslope and being a glutton for punishment, I short GE again at 13:33 on the parabolic SELL signal.
My target, of course, is . . . (this is a test). . .the mirror of the orange NYAD downslope line.
16 minutes later our target gets hit and with the parabolics firing a COVER signal at 13:49 (on 1 minute bars), I'm out.
Net gain from trade = .10, so a little better than the previous but nothing to write home about.
I'm done for the day as I've a few errands to attend to.
Summary for the day. . . 3 trades. . . total gain .60 and I'm flat going into Monday.
Today's total range for GE (as of 15:00) is 18.28-19.10 = .82 . . . so I'm happy to walk away with .60 for 44 minutes of exposure.