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, June 23, 2009

TLT base

TLT formed a base throughout the day yesterday, gapped up slightly today into that same base and consolidated in a narrow range. Exited on the 3rd push higher, but missed the final push above $93.60. Notice how volume tells the story. I have yellow and blue plots representing volume breakouts (yellow=strong, blue=Really strong). Notice how you get really strong volume come in right around the 20EMA (buying the pullback) and then a lot more volume that comprises the top of the move (profit taking volume).

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