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 bear flag. Show all posts
Showing posts with label bear flag. Show all posts

Wednesday, July 11, 2012

bear flag

Bear flag setup in the SPY yesterday.  A particularly poor trade on my behalf, getting out WAY too soon and failing to get back in when I realized I got out way too soon.
In criteria jargon, this is a 2d-4c continuation setup.  Again, it's just a bear flag, I use the criteria as a way to subjectively identify it with the indicator.  It is just the fast line pulling into a down sloping slow line that is crossing (or has crossed) the zero line.
I partialled out for around 134.70 average, ugh
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