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, October 14, 2013

CL setting up

Crude weekly/daily time frames look to be setting up a long entry.

Criteria 2c-2d on the weekly (with bullish trend) we would like to see a 3d criteria setup on the faster time frame, which in this case is the Daily (below, right).  A long entry "trigger"would occur when the daily time frame registers a positive fast line reading (turns green, which would be 3a criteria).  Look for momentum and follow-through to confirm.




No comments: