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.


Monday, October 1, 2012

Mon. 10_01

Gap nearly above previous day, "news driven" momentum, all erased by the close.
Pretty decent negative TICK compared to what we've been seeing.

A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:     

Advance/Decline came back to the zero-line.

15m &5m with 3/10macd.  2c-2d criteria into the Open, also anticipated around noon, except price rolled-over.  

Two more views of the SPY;
zoomed-out of the above chart:


A 30-minute chart which was posted last week.  "BD" = BreakDown, "T2R" = Tried to Recover.  Black moving average is the 10-day, green moving average is the 20-day MA.

Below is the Daily with 130-minute.  So far a failed attempt to continue the trend progression.  Daily showing 2c-2d criteria (though the "higher" momentum reading as seen through the fast line is happening under negative price development, and a fresh momentum low followed by price weakness isn't very positive).  It looked like the faster time frame was setting up to go higher, but price couldn't overcome the $145.50 breakdown point.  

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