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 3a-3b-3a. Show all posts
Showing posts with label 3a-3b-3a. Show all posts

Saturday, March 1, 2014

GC

Gold targets met on higher time frame.
Monthly (below, left), weekly (below, right)
The initial entry on the weekly has hit a secondary objective, while taking the second entry resulted in 3R coinciding with the 50-period SMA and an overhead trend line.

The daily (below, right) has a fast line < slow line hinting at potential pullback/consolidation.  Though if the fast line turns back up abruptly we would likely see a continuation move.