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


OPEX friday today, which created some messy charts from what I was looking at.
Here on the Q's we gapped up to R1 before losing steam and consolidating into a triangle, where a break-down retraced before continuing to Pivot Point support. The turn around in price left us with a V-bottom before we continued up to the highs of the day.Checking out the 15-min chart we see the confirmed 20- & 50-EMA crossover taking place at this morning's open. The higher probability strategy is to short a momentum exhaustion back to the 50-EMA and/or buy the re-test of the50-EMA on strength. Next week we're looking to buy a higher low or perhaps short a failure of breaking the resistance of today's highs.

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