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, December 16, 2010

TICK

Looking at the SPY ETF combined with the NYSE TICK and noticing some interesting divergences these past few days

First the Daily

Over these last 8-days we have had two positive divergences (lower low in price which registered a higher low in TICK). These divergences were combined with a hidden divergence where price formed a higher high on a lower TICK reading


While this morning, what appeared to be a sell-off ended up being a bear trap with higher TICK readings on lower price:
at
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