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.


Saturday, March 1, 2014

GC

Gold targets met on higher time frame.
Monthly (below, left), weekly (below, right)
The initial entry on the weekly has hit a secondary objective, while taking the second entry resulted in 3R coinciding with the 50-period SMA and an overhead trend line.

The daily (below, right) has a fast line < slow line hinting at potential pullback/consolidation.  Though if the fast line turns back up abruptly we would likely see a continuation move.


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