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.


Friday, September 21, 2012

no trigger

I've been posting this potential long setup in the SPY higher time frame over the past few days. Here & Here.
We never did get a trigger entry on the 130min chart, instead price rolled over.  Still potential for a 3rd push buying opportunity, which would need to show strong momentum.

Here's how it looked on a slightly faster time frame.  Notice how the fast line rolled over on the 30-min chart after giving up $146.

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