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, November 30, 2010

coiling

Seems like we're at a something's-got-to-give level at this point, sitting right on top of the 50-day MA, bouncing twice only to end up in the same spot (price made 4 attempts to close above the 20-day).

Descending Triangle, would have a large measured move in whichever direction it breaks out to

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