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, July 15, 2011

seed wave

Two seed wave setups in the SPY today:
The first fell within a few cents of its 100% projection while the second was strong into the close.

The second seed wave later in the day I was anticipating because of a 3d setup on the 30-min chart. double bottom on solid support that closed above a resistance level that was tested all day long:

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