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, February 11, 2013

Mon 02_11

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

Week of OpEx typically has days like today (choppy).  Being that it was the day after an extreme advancing day compounded the choppy environment.
Gave up up the last long trade for a scratch seconds before it went back to the p/m_midpoint (and PDH).

Higher time frame gave a buy trigger.  Weak momentum will not be tolerated at these levels.


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