This is a study of using TiTTs3 on the 22 September 2022. In this trade, we are just watching the colour of the candles. When the candles are green, it is in an Up Trend. When the candles are Red, it is in a Down Trend. When it is Yellow, it is in a sideward Trend or Range Trading.
Momentum dots are the other signal for a change in the momentum in a long UpTrend or DownTrend. That is our Exit signal. When the dots are Green, the momentum is Upward. When the dots are White, the momentum is Downward. When there are no dots, the momentum is Neutral or Sideward.
Chart 1 belows shows the Red candles trending downwards When the White dots changed to Green dots, it is a signal of the change in momentum and to Exit the trade.
Chart 1: 22 September 2022 – 1 minute chart showing the Entry points and also the possible Exit points
Before the market opened at 9:30 am ET, the /RTY was trending downward. The important thing to do is to exit the trade at 9:29 am just before the market Open. The idea is not to trade the volatility when the market opened at 9:30 am. At 9:34 am ET, we enter the trade to the downside. We exit this trade to the downside when the momentum dots changed from White to Green. The other option to exit the trade is when the candle changed from Red to Yellow.
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