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, March 4, 2010
R2k
The Russell was leading the day today in terms of Up/Down Volume (lower right panel). Stayed above zero and trended up most of the day.
Hi Tony, Price is as Price does (to borrow a character reference from your blog's namesake :) We either trade with the strength or get steamrolled. I like Wolfe Waves, and prefer them on a higher time frame, but I can say I haven't really been seeking them out these days.
2 comments:
What's you opinion? Is this indicative of a melt-up? or strong index movement?
In the past, you lookeda tWolfe waves, and I'm seeing good Wolfe waves on SPY and other sectors.
http://starwealth.blogspot.com/2010/03/update-spy-wolf-wave.html
Wondering if you still look at Wolfe waves, or just on shorter time frames. Thanks for the good info.
Hi Tony,
Price is as Price does (to borrow a character reference from your blog's namesake :)
We either trade with the strength or get steamrolled.
I like Wolfe Waves, and prefer them on a higher time frame, but I can say I haven't really been seeking them out these days.
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