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.


Wednesday, May 7, 2014

Wed 05_07

SPY - Daily showing decent strength in criteria 1.

 DIA - not an entry I would like to have taken on the hourly
 IWM - may see some mean reversion
 QQQ - just completely sideways irregardless of the selling
 XLF - again, not a trade i would like to take on the hourly, would prefer to see a pullback in the fast line.  Being that today trapped some shorts from yesterday's breakdown it could squeeze further tomorrow.
 IYT - first losing trade all month.  Looks like a cup and handle pattern playing out

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