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.


Tuesday, February 10, 2009

the obvious

The day speaks for itself. Textbook "Buy the Rumor, Sell the News" type of day. There was an instance where it looked like we would rally (right around 11:02a.m.), but alas it was a complete fake-out (unconfirmed on the Q's). So, we're right around trend-line support. Either bulls buy in or bears take over.
SKF was a big winner today, adding $20 intra-dayFrom here? We either test the lows and hold, or it seems all the good times are past and gone...

All The Good Times Are Past And Gone (Album Version) - Hylo Brown & The Timberliners
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