An update on the Gold post from earlier in the week.
As suspected, the fast line on the daily 3/10macd did trigger long, but the next day saw a tick down with a marginal loss.
However, I did mention to watch a faster time frame (4H) for a better setup that may come following the fast line and slow line orienting bullish on that time frame. We never did get a bullish orientation, instead we saw a few potential short entries materialize.
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.
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