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.


Showing posts with label 3d. 3a.. Show all posts
Showing posts with label 3d. 3a.. Show all posts

Tuesday, December 4, 2012

Tue. 12_04

ugh

Today's Trade:
A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:  

A very choppy day.  Those symmetrically placed volume spikes (above chart) are curious, all right around the same price too, hmmm.

5-trades; 2 shorts, 4-longs
I tried a long entry that isn't marked with an arrow.  It was around 9:20 and it was for a 1.5-point loss.  
The next two trades (short) were very choppy.
Third trade (long) was break-even.
Fourth trade long was decent.
Fifth trade long I lost a tick when all was said and done.  After that trade I gave up on the day other wise I might have attempted a short into the close.

Higher time frame
the 65-min chart looks like it can have a small bear flag (which would align with today's choppy price behavior)