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 email@example.com
I am always open to questions, comments, or suggestions on how to improve this blog.
Tuesday, May 19, 2009
A messy consolidating day today. We tested the resistance level from late yesterday afternoon before racing up to R1, which provided resistance through the rest of the day. The last half-hour gave up the day's gains, though it's a positive that we didn't even attempt to test the gains from Monday (or the Pivot levels for that matter).