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.

Wednesday, November 12, 2008

trend day

A trend day to the downside, what more can be said? It doesn't feel like anything is on anyone's buy list at this point, aside from inverse ETFs. Well, here's today's strategy; sell (on QLD, buy on QID) the vwap, 20EMA, or a green/red candle for that matter. Here's QLD on both a 5-minute and a share bar chart that is supposed to mirror a 5-minute. It's a lot cleaner using share bars with those smooth pullbacks to vwap (red dots).Here's the share bar chart:Here's a look at QID:

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