2c-2d setup in AAPL
Higher time frame:
- Bullish trend
- 3/10macd criteria 2c in anticipation of 2d
Faster time frame looking for:
- 3-pushes to a low
- higher low seed wave
OR
- inverse head and shoulders
There was a potential entry at 12:15 CST, however I like this setup to correspond with an overhead trend line break. The second up-arrow, reflecting a secondary entry, had a MAE of 72-cents.
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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