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.


Tuesday, August 6, 2013

Tue. 08/06


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

Arrows on higher time frame indicate anticipatory trades that are entered using the faster time frame.

ES with globex

Daily/Hourly below.  Interesting that the Daily fast line ticked down (2b criteria short setup should price weaken and close below $168).  Being that price is still above the 20-day MA, however, gives buyers an edge for the time being.  Still remaining is the 7/31 gap fill ($168.71. which coincides with the 20-day MA), so should we attempt to fill this area tomorrow we have to gauge buying reaction.   Provided, of course, that we don't gap above $170 on tomorrow's Open.

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