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.


Friday, November 12, 2010

weekly harami

SPY weekly chart showing harami reversal candle pattern.  Not highly reliable, but perhaps a warning.  Also, a potential 2b top if next week closes below $119 area.

And we're back within the channel between the pitchfork median line and the 20MA.
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