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, June 10, 2013
Mon 06_10
Nothing but consolidation of previous momentum
Breadth - mostly neutral all day
Higher time frames - Further pullback wouldn't be surprising, while a gap or move higher could lead to chasing (and stops being triggered)
tigerjim Blue arrows are entries, black are exits. Entries/exits are NOT necessarily taken at the close of each bar, sometimes they are taken during the formation of that bar. The ES w/globex chart arrows indicate potential entries.
2 comments:
Understand the pointing up blue arrows - what are the black pointing down arrows above the price line
tigerjim Blue arrows are entries, black are exits. Entries/exits are NOT necessarily taken at the close of each bar, sometimes they are taken during the formation of that bar.
The ES w/globex chart arrows indicate potential entries.
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