toddstrade: parallels

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 parallels. Show all posts

Thursday, June 24, 2010

SPY charts

Just putting them up to reference.
SPY 60-min. with pitchfork drawn off of February lows, April highs, May lows. Sliding parallel lines added.

A closer look

Disclaimer

The opinions expressed on this site are made available for informational and guidance purposes only. The chart analysis is not providing any financial, investment, or other advice. You should not rely on the information here to make or refrain from making any decision or take or refrain from taking any action.ToddsTrade is not an investment adviser nor financial adviser, and no information provided here is to be interpreted as a suggestion to buy or sell securities. The buying and selling of securities involves considerable risk and you should always consult a financial adviser before doing any type of investing. ToddsTrade does not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please make your own decisions, or consult with a registered professional financial adviser. The author does not endorse, approve, or certify the information on the 3rd party website links provided here nor is ToddsTrade responsible for material/information/advice provided on the third party web sites. All charts are courtesy of TradeStation (or Multicharts).

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Thursday, June 24, 2010

SPY charts