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.
Sunday, September 23, 2012
GLD update
GLD is now at the $172 resistance area as mentioned in a previous post HERE.
It would makes sense to see a pullback (though the weekly hasn't printed a necessarily bearish candle yet), and it's in gauging this pullback that will be a clue to a continuation of prior bullish momentum.
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