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, November 21, 2011

Extreme bearish sentiment from the Open. Was a tough day.  All I have today is hindsight and these two charts.
A really good example of a Price/TICK divergence off of the 10:30 (CST) lows.  Also, extreme +TICK readings were good for fade scalps up until the sentiment shift.

And the sentiment shift occurring at noon on volume which compared to that of the earlier lows.

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