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, December 8, 2009
will it bounce?
XLE, a test of support? due for a bounce?Price is testing it's lower B.band on (so far) a higher low in momentum while price has dropped into a falling wedgeA gap down tomorrow might be buyable
Price is testing it's lower B.band on (so far) a higher low in momentum
while price has dropped into a falling wedge
A gap down tomorrow might be buyable
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