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.

Friday, November 14, 2008


Following up on yesterday's look at QLD; at the close of the day we ended up with a 20- 50- EMA crossover and with that I was looking for a retracement move back to the 50-EMA.
The retracement coincided with a 50% Fibonacci level measured off of yesterday's high to low move. A rounded bottom ensued, broke out, closed the gap from the open and then just ate it into the close.

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