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, March 14, 2014

Inside week

SPY weekly (and IWM) closed with an inside bar.  Going back to 2009 there have been fourteen times which this has happened.

I only bring attention to this because, in my experience, the more attention I pay to an inside bar the less I end up losing.  It's just a candle pattern that warrants being alert of the condition.  DIA finished the week as a harami and the QQQ closed lower than the previous week's low.

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