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 bear trap. Show all posts
Showing posts with label bear trap. Show all posts

Friday, June 7, 2013

Fri 06_07

Momentum day, though didn't have the same sort of Advance/Decline internals you typically see on an extreme advancing day.


Higher time frame - bulls need it to push through that $165 - $165.50 area

ES with globex - overnight range midpoint (also 50% retrace of previous day's close to today's Open) held on the opening retrace, Overnight high held as afternoon support.


Another look on multiple time frames