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.


Monday, November 24, 2008

short week

Been traveling to Nebraska today...I put in some market orders for QLD & SSO last night (I also had an order for XLF that I ended up cancelling), as I thought we might have this follow-through day today. I also just now closed those positions, as 1100 points on the Dow in 2 days may lead to a down day or inside consolidation for tomorrow. I'd rather book my profits now, since I may not be able to follow the markets so closely this week.
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