Been a while since I've posted, I'll try to post more setups going forward.
Previous day (7/24) was a 3d setup into the close. Coming in to this day price tried hold previous resistance as support, eventually tested lower only to recover support. The long setup was anticipation of a strengthening macd (1a criteria) following a reverse divergence.
The up-arrows indicate potential entry points (I took the 3rd one), while using the Fibonacci projections as exit targets.
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.
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