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, October 22, 2009

things to watch

GS printed a Harami today (on a subtle Hidden Divergence) and bases at previous support on the intra-day:While WFC returned back above $30 support. It had a bounce at the 200MA but look for $30 to hold support.RIMM had a possible double-bottom today (actually a slightly higher low). See if price gets some momentum behind it to make it back to that W's apex
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