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.
Thursday, May 14, 2009
APOL
APOL got the follow-through we were looking for as mentioned in yesterday's post. Currently we're in a triangular consolidation. A tight stop below the pennant, but waiting to see if if could get more upside.{Update} Answer; No upside left at this moment. But will keep an eye on it, for if the broad market stiffens up this could reset itself for continuation.
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