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 firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.
Wednesday, January 14, 2009
Keeping an eye on Oil here, using USO. Volume has been huge while the lows are being tested, and there's a positive momentum divergence that's been in the making for the past few months. Not to say that a positive momentum divergence can't turn into lower prices, as a break of the lows should surely bring a larger negative momentum push.