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.
Wednesday, July 6, 2011
I'll Buy That
Green hammer on the 15-min chart, I'll buy it any day
5-min breaks down as such; entry off the break of the 15-min hammer bar's high, exit as resistance. Second entry based on inverted H&S, exit at 100% projection of the initial wave
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