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
I am always open to questions, comments, or suggestions on how to improve this blog.

Tuesday, August 26, 2008

QLD sleeper

A pretty low-volume choppy day today. There's got to be an impending move in one direction or the other eventually, right? The following chart is the typical 250,000 share-bar chart I like to use for QLD. It's supposed to equate to a 5-min chart, today's early afternoon candles were taking upwards of 10-15 minutes to form. There were some small profitable moves though if you are alert.

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