As mentioned in my last post:
and
Here's how it played out; with the 2c-2d criteria we're looking to buy the 3d criteria on the faster time frame
The initial buy was on the close of the 16th. Additional up-arrows (on the 17th) represented potential adding entries.
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.
No comments:
Post a Comment