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.
Wednesday, August 27, 2008
My buddy, the Ultra QQQ ProShares (QLD). You can tell by now I just want to focus on the indexes and their derivatives, hence QLD charts. I also spent the day setting up my workspaces for IWM, SSO, and DDM. So, with today's action in QLD, as Oil broke down the index heated up, pretty straightforward correlation. The bottom indicator is Alan Farley's ADA (Accumulation-Distribution Accelerator).