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, January 10, 2014

messy

A very messy week with not very wide price discovery.  Here are some updates on "triggers", bearing in mind that the higher time frame (daily) has a fast line < slow line, so without momentum to confirm our bias entries are a bit riskier.
DIA - could have considered a short entry based on the first hourly candle (and 3/10macd setup) but I would have exited when the hourly FL/SL crossed, giving you a $0.05 loss.

QQQ had a trigger entry on the close off of a buy divergence, target near the YTD highs.

IWM - was in the lead today.  Long entry for consideration once the FL/SL crossed.

SPY - actually made some progress toward it's target.



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