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.


Monday, May 24, 2010

Crude & Gold

Crude seems to be losing steam on it's "bounce"Gold is curious. After putting in a 2-b top, price put in a higher low & higher close today.
Watching to see if it tests $1220 and whether it shows a lower high, or recoversTreasuries (TLT)
put in 2 lower highs, with a close less than the Open

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