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, January 16, 2009

0 to 27 in 3 hours

I wish I would have kept a closer eye on SKF today. This issue, with it's large range capability, has so much home-run potential for traders.
After gapping down this morning SKF filled it's gap, carved out a pennant formation and then just took off, gaining $27 from it's opening price, before settling back around VWAP later on in the afternoon.
Check it out on a $1 range bar chart.

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