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.
Tuesday, December 14, 2010
LOL Fed Day
The SPY closed above the previous day's close.
Which has been the case for the past 6-days.
It's almost as if the market needs to close this way for a specific reason.
The end of day hammer candle, was it mostly short-covering or buying??
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