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, February 13, 2009


Well, the Q's fared the best for the week, able to hold on to a good portion of the gains from yesterday. It was a very whippy day for those Q's, lot's of wick in those candles, with very steep retracements (people quick to take profits?). The SPY was a little calmer, but price just seemed to be acting very odd, particularly around vwap towards the end of the day.
I was watching the SPY today and took notice of something interesting to me. On a 10-point range bar chart I have plots applied to indicate volume breakouts (80% above average). I noticed these volume breakouts can just as legitimately create the patterns we look for in our charts. No rocket science here, just a way of possibly confirming what we're looking to trade.The 20-point cleans things up a bitThe Dow closed this week at it's lowest level since March of '03Can't wait to see how this chart turns out, we're half-way through this current candle

No comments: