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 toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.


Thursday, July 2, 2009

Nice and neat

Of all the trades to be making on such a strong gap-down day, especially after thinking RIMM was a goner. This morning it put in a strong showing after climbing it's way back up from a gap down. It found support at it's previous day's lows. It's also comforting to see those neat little flags all the way up.$71.25 looked to be a realistic target based on previous resistance.

2 comments:

S Zaman said...

I was going to take the short trade but felt short bus was crowded.

todd said...

Same here mate, I was thinking "don't fight the trend, unless it comes back to $70.50." Then I got distracted and missed the entry.