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.


Wednesday, November 14, 2012

Wed. 11_14

A relentless bear parade.
Sure we'll "bounce" eventually, but those bounces will just present shorting opportunities.

I actually didn't trade much today, particularly around the noon to 1 hours (FOMC minutes). Arrows with an "X" indicate potential entries that I did not take.  Going into the 1 O'Clock period there was a 3d criteria set up, which then rolled-over (a concept I've talked about before regarding that setup).

The day's trade.

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

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