The iShares Russell 2000 ETF IWM has been trending away from the previous swing low for the past three days now (with at least some volume behind it). Today it filled a gap left from last week and seems determined to stay above it's 200-day Moving Average. Unfortunately for me I kept my focus on the choppy mess in QLD today, instead of following the nice steady trend of IWM; lesson learned.
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 firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.