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.
Monday, July 18, 2011
same setups
Three trades, all of the same ilk.
Counter-trend bottoming formations.
Seed wave patterns with a 50% correction forming the higher low. Targets being the 50% & 100% projections.
SPY
GS - If you notice, the inverted hammer candlestick IS a seed wave unto itself.
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