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.


Saturday, November 12, 2011

Just some notes.
Extreme advancing day on Friday.
The profitability of the day was really over by 10:00 CST unless you wanted to scalp for dimes.  The best secondary move came between 11:30-12:00.
$127 was the line in the sand overhead (missed it by 1-cent initially and the re-test missed by 2-cents).

A lot of little air pockets and island reversals these past few weeks.  Looks like it will take some juice to get to $130 but the MO of this market has been; If there is resistance, just gap above it.

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