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, November 9, 2012

Fri 11_09

I didn't participate in much of today's trade.  The arrows in the chart below represent potential entries.  I only traded the 1:30 setup, had I been at my computer I might have taken the entry around 2:30 which may or may not have wiped out my gains from the previous trade.

Today's trade; the ideal entry was the pullback to the o/s_high (also the overnight range midpoint)
A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:   

Thought I would include the Advance/Decline as it showed another example of zer-line support today

Daily time frame 50% Fib. projection target fell just short (though hit it in the overnight trade).  The faster time frame starting to diverge on the lower lows which could present a bounce into next week, just in time for OpEX

No comments: