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, November 18, 2008


Another test of the lows, another rally off of them. Though the ranges of the rallies are getting smaller. Following the same strategy from the last few weeks here's a 15-min. chart of the QLD. Yesterday we had a 20- 50- EMA crossover and shorting retracements have been working. The end of the day appeared to be a short-covering rally so we'll see if price can hold above this 50-EMA.

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