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, May 9, 2013

Thu 05_09


Didn't take any trades until the afternoon period
 
Breadth -

Volume profile coming into today.  Bounces this week have come before or beyond VPOC or LVN areas

Higher time frame- Daily 3/10macd fast line starting to curve lower, 65min could be setting up for a steeper pullback, but you have to be prepared for an uptick in that 65min fast line

ES with globex

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