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.


Thursday, November 3, 2011

Gap Fill Squeeze higher

This has all happened before, it will all happen again. We get a jolt of volume which is followed by a steep rising wedge/channel higher.
A nice gap-fill in the morning followed be a market with zero selling pressure.
Every pullback in the TICK to -500 or lower was a buying opportunity (bottom histogram is just a smoothed indicator of the TICK).
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