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.


Monday, April 28, 2014

Gold Potential

The weekly (below, left) holding 1280 off of a double-bottom, while the daily is trying to regain 1305 off of a double-bottom.
The daily may end up triggering a buy entry with the fast line turning positive (tomorrow?).

While looking at the continuous 4H it may be a better idea to watch this time frame for when the 3/10macd orients back to bullish (FL>SL), 1305 being a key resistance.

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