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, April 12, 2014

weekly time frame

Higher highs, higher lows, strongly trending 20- & 50-MA's.  This time frame will still find buyers into $178 and $174

Waiting for the weekly time frame to reset to a buying opportunity will mean waiting for the daily time frame to have a fast line/slow line orientation to bullish.  Gauging the next buying cycle will be important to see whether or not the weekly puts in it's first structural lower high since July 2011.

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