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 11, 2008

gap fill

For the sake of having something happen today, we attempted to fill the morning's gap.
We had a subtle Head & Shoulders bottom pattern (in QLD) take shape today in that mess of choppy tape. The neckline broke out solidly, retraced and held as support before running for a gap fill attempt. The retracement to the neckline of the inverted H&S also coincided with a 20/50-EMA crossover.
After the volatility expansion we had another Head and Shoulders pattern evolve, on the bearish side this time (which could allude to more downside for tomorrow).

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