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.
Saturday, November 13, 2010
basic setups
Simple basic setups in the SPY using the 3/10 macd:
2 comments:
Is that a long setup or a short setup?
It seems like a weak retracement pullback.
There are 5 setups in total on that chart.
3 Long entries and 2 Short entries.
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