The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.


Wednesday, August 20, 2008

FWLT

FWLT got a pop this morning after basing at a $46 support level. Looks like it could have some follow-through potential this week.
Here's the 15-minute chart today. Wish I would have faded the move below the R1 pivot.
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