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, May 1, 2012

update

As I've been away for a few days and not able to post, here is a quick update of recent price action in some of the core components I watch:
As mentioned in a previous post, Copper is playing out as expected:

The Crude Oil inverse Head & Shoulders and channel break is playing out as well (refer to link to previous post above)

Gold is really having a tough time of it at this area

The "W" pattern in the SPY is playing out (DIA made new 52-week highs today)

A reasonably strong sell-off in the EURUSD pair today, watching to see if this U.S.Dollar Index move is just a throwback to be shorted or a bear trap after breaking down from this wedge


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