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 17, 2011
A trade in GLD today that helped me get flat on the day after a perfectly retarded long trade in CVX
Something to look for with a strong trend in place (as was the case with GLD intraday) is known as a Slingshot setup, basically a reverse divergence (higher low in price with a lower momentum low).
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