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, May 30, 2012

Wed 5_30

Two setups in the SPY.  The first I traded, the second I missed.
The first setup was in anticipation of 3a criteria (price moving higher to test resistance (inverse H&S on 5min)

The second setup was anticipation of the continued bearish sentiment after resistance was rejected.  Two potential entries but the seed wave Fib. projections are based off of the second entry

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