The short entry was based on the 2b criteria setting up on the 15-min 3/10macd and the trigger was the 5-min setting up the 2d-to-2c continuation pattern (a.k.a. Bear flag). Exit was at the 100% projection. I took everything off at the one target out of an error in judgment.
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.
Wednesday, August 31, 2011
Common setup
The short entry was based on the 2b criteria setting up on the 15-min 3/10macd and the trigger was the 5-min setting up the 2d-to-2c continuation pattern (a.k.a. Bear flag). Exit was at the 100% projection. I took everything off at the one target out of an error in judgment.
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