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, March 18, 2013

EURUSD

With the Cyprus hoopla this weekend the EURUSD pair is still holding above it's 50% Fib. retrace on the weekly.  This weekly chart is also showing the 2c-2d criteria with a reverse divergence (higher price low, lower momentum low).  The 2c-2d criteria long entry would be a 3d-3a criteria on the faster (daily) time frame, which is close to ocurring.  My main concern is the distance the slow line (daily chart) is from zero, meaning it will take a lot of momentum to sustain a move out of this 2-month long pullback.

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