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, February 21, 2013

Thu. 2_21

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

4c to start the day - trading a breakdown
Small continuation move later in the day holding the IB_low (4d-4c/3c)
3d criteria short covering rally into the 1:30 hour

Looking for the 15m 3/10macd to either set up a 1b-1a breakout higher or a 2c or 4c) breakdown on the short side

This is the first time the Daily (below, right) 3/10macd has had a negative fast line.  Still have to treat this Daily as a 2c-2d criteria setup, where we would be looking for the faster time frame (65m below, left) to set up a 3-push pattern, or inverse H&S and where the 3/10macd would preferably see the 3d criteria set up (unless it is a V-recovery in which case we would get the 65m 3/10macd going to 3a to 1a).  Worth noting, that 65min made a higher pivot low on strong downside momentum (reverse divergence) 

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