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.


Wednesday, January 15, 2014

Wed 01_15

Most index ETFs reached at least their primary targets as we got a gap and go scenario on today's open


The next concern we would be looking for is if the hourly 3/10macd has a fast line/slow line cross which would be indicative of a pullback from these highs.

DIA played catch-up and achieved a 2R target.   Will be interesting to see if it breaks out from this channel or is held within

Interesting to note that the daily fast line is still under the slow line so we'll need further upside range expansion to change this


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