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.


Friday, December 13, 2013

Fri. 12_13

Just consolidation so far can work lower, in which case a 3d criteria setup on the hourly could be in play.

IWM actually  got a testable long entry, "testable" in the sense that you could have entered with the understanding that it was a more aggressive entry.  Basically the slow line is still quite far from the zero-line.  Also broke out of the Upper Median Line and held a re-test.

QQQ still in a channel, still waiting on an hourly fast line change to positive.

SPY - still has support under it and a fast line on the hourly could set up a 3d criteria setup.

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