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.


Thursday, January 17, 2013

Thur. 1_17

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


I previously posted regarding the higher time frame setups being very choppy.  I should have been more cognizant of the fact that we were oscillating tightly (coiling) in the upper portion of a range, and today we got the effect of that coiling:

Daily/weekly split.  High wave doji at double-top territory.  It either pops and runs, pops and fades, or just drops....I think I covered them all ;)

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