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, May 6, 2013

Mon 05_06

A key for the above (5-min) chart to define the horizontal lines and dots.  For further explanation, see this link:  

Volume profile coming into the day.  Though Friday was a momentum day, it wasn't a trend day, more of a "Normal" day type (Wide IB with IB High/Low retained.
 

Higher time frame - looking for the 3/10macd fast line and slow line to catch up with one another (on the 65min) for any further long considerations.

ES with Globex and long entries considerations

at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)