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.


Tuesday, May 6, 2014

Tue 05_06

SPY - stopped out on the long, made some back on the short

DIA-mentioned yesterday that it wasn't worth a long entry.  A short entry reached primary target

QQQ -  long entry didn't play out, but the short entry did

IWM - being that none of the long entries were playing out it should have acted as a warning.  The short entry nearly achieved it's seconday target

IYT - is in the middle of a short entry

XLF - reached a primary target (picture perfect 4d-4c continuation setup on the hourly)

EURUSD finally moved out of it's sideways consolidation

ES primary target of 1850

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