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, January 18, 2011

choppy

Crappy trades
Got short FCX before getting long.  Short entry was just above $118 and change, while the long entry was around $118 even.  My long target was the Open, but I got stopped out prematurely.

The 50% Fib. retracement of the latest impulse move held as resistance this morning.

Price has been riding the 20-day MA and still showing a bear flag.

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