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.

Thursday, August 21, 2008


QLD formed a tweezer bottom on the 15-minute at trend line (from the past week) support. First long entry at $76.50 with initial target (and partial profit taking) at the S1 pivot ($77.15, support that acted as resistance) where price chopped around before continuing up to the previous day's trend line resistance. Letting it run, moving stop for remaining position to break-even with the anticipation of a gap fill.

No comments: