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.


Friday, January 3, 2014

GC

Gold posted another Daily entry yesterday.  This "trigger" would be a play on the higher time frame's (weekly) buy divergence/double-bottom.  It is still very sketchy being that the overall trend is strongly bearish.  1268 being the target objective, though 1252 may see resistance.

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