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 fib fade. Show all posts
Showing posts with label fib fade. Show all posts

Tuesday, February 4, 2014

Tue. 01_04

Today's ES - I didn't post yesterday's ES being that it was a trend 
If fading the Fibs the average would have been 1751 on two entries.  Otherwise a fairly choppy inside day
A key for the above (5-min) chart to define the horizontal lines and dots. For further explanation, see this link:

Monday, January 27, 2014

Mon 01_27

Today's ES
Fading the Fibs would have given you two entries at a 1772 average, decent move back to value following the initial fade.

A key for the above (5-min) chart to define the horizontal lines and dots. For further explanation, see this link:

Thursday, January 23, 2014

thu 01_23

today's ES
Though it had all the makings of a trend day buyers brought things back above a 50% retrace of the day's range.
Averaging into the Fib. extensions would have seen two entries (nearly three) for an average price of 1820
A key for the above (5-min) chart to define the horizontal lines and dots. For further explanation, see this link: