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, October 14, 2009

higher highs

We continue our trajectory up, thanks to these upward gaps that see absolutely zero selling pressure. My data is acting screwy at the moment (currently showing me a hanging man candle on the SPY daily!?).
A trend day could have been suspect given all the news related...blah blah blah.
Perfect low-risk entry on the SPY today was at the 20-EMA on the 5-min chart.Zoom into the 15-min chart and what do you see?Here's the 1-min with TICK.Well they got their close above Dow 10k....watch for follow-through tomorrow. Why the heck does my daily show such a long tail on the day's candle??
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