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.


Wednesday, January 22, 2014

IWM

Was the only one (out of QQQ, SPY, and DIA) that had a worthwhile entry on the higher time frame.  Currently tagged the initial target.
All of the other hourly charts had a negative slow line (4a) and I would rather trade a 2a long as opposed to a 4a.

For example, on the SPY the fast line (hourly, below right) turned positive, but the slow line was still negative.  Just not something I would want to enter long, I would prefer to wait for a pullback in that circumstance

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