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 4a. Show all posts
Showing posts with label 4a. Show all posts

Wednesday, January 22, 2014

IWM

Was the only one (out of QQQ, SPY, and DIA) that had a worthwhile entry on the higher time frame.  Currently tagged the initial target.
All of the other hourly charts had a negative slow line (4a) and I would rather trade a 2a long as opposed to a 4a.

For example, on the SPY the fast line (hourly, below right) turned positive, but the slow line was still negative.  Just not something I would want to enter long, I would prefer to wait for a pullback in that circumstance

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