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, November 11, 2009

It's official

The laggard of this "recovery rally," the Dow Jones Industrial Average has officially tested the Lehman-Gap. It is the last of the four major indices to do so, and is officially the time to go short.
ha! just kidding! sort of ;)Watch the dollar for signs of weakness (in equities, strength in the Dollar).Zoom in a bit on that chart and look at the day the U.S.Dollar Index had yesterday:That's an 8-cent daily range! Talk about range contraction! Keep an eye on this one, it should get interesting.
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