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, February 24, 2009


The markets closed inside their previous day's range, creating a bullish harami candlestick pattern. Not an entirely reliable candle pattern, so it requires confirmation for us to lean temporarily bullish. Perhaps whichever direction the market goes tomorrow, it will be accredited to Obama's speech this evening.Looking at the 15-min chart of SPY that provided a short opportunity with a quick tag of the 50-EMA, which eventually brought price back down to test the lows.
Price put in a higher low before turning back to the opening range and pivot point (yellow line).The third attempt at our pivot line was rejected, but vwap held and the NYSE TICK was trending up, leading up to a decisive break of pivot; next target, R1, where we consolidated around, popped over and closed on.Cleaner perspective on the 20-point range bar chart.

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