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.


Showing posts with label 1b to 2a. Show all posts
Showing posts with label 1b to 2a. Show all posts

Monday, July 11, 2011

long bonds

TLT - A three-layered approach to keep things in perspective;  the long-term (Moving Averages) was aligned strongly bullish, the intermediate (15-min 3/10 macd) was strongly bullish, and the short-term time frame triggered a buy when the fast line turned positive.

FCX set up a (counter-"trend") buying opportunity on a momentum buy divergence which on the 5-min time frame was a 3d setup.  The Fib. projections were based on the 1-min chart where the seed wave was easier to identify.  Only held for the move to the Open.