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, January 13, 2009

Qs today

Some pretty big volatility near the end of the day. Over the past 5 sessions the moving averages have had a bearish orientation (on 15-min. chart), where some high probability trades were present in rallies off of previous support or sell-offs away from the 50-EMA (on 15-min. chart). The majority of the morning was spent chopping around pivot support that led into a consolidation triangle, failure of which brought price to previous day support (a momentum divergence hinted at a turn-around after the hammer candlestick).The Q's were left with an indecisive high wave candle and holding on to trend-line support levels.
I would assume we move decisively in one direction or another tomorrow.

No comments: