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 potential trades. Show all posts
Showing posts with label potential trades. Show all posts

Tuesday, July 13, 2010

POT drop

Is a drop in POT imminent?
Would you buy this chart? Of course it could make a juke move to the 50-day, but sitting at resistance the way it is (previous support), failing to close above $94, and the two bearish candles is giving me reason to look for short setups going forward intraday.
at No comments:
Labels: ,

Monday, May 24, 2010

POT ahead

First the weekly. Broke down from a trend line and selling seems to keep overtaking buyers. Sitting right on top of that prior sideways range +/- $96The daily chart showing potential support, perhaps an area one should be alert for a potential shakeout move.
Price is consolidating in a tight range within the "flash crash" tail
60-min chart highlighting that horizontal rangeFinally, we got what looks like support range between $96-96.50
at No comments:
Labels: , ,
Subscribe to: Posts (Atom)