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 wickless. Show all posts
Showing posts with label wickless. Show all posts

Thursday, October 7, 2010

wicks

Wicks can be a distraction, and what do they highlight?  Profit taking, stop sweeps, etc.
Here's Crude Oil future's on a 30-min chart
Here's price on strictly an Open to close basis, no highs or lows included:
 An interesting perspective for reading momentum and corrections in price.