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, September 22, 2009

From now on...

...when price gaps above my daily Resistance pivot (or below my daily Support pivot) I'm going to snap Fib. lines between the two pivots to get my extension S/R. Seems to work well.
Here was today's activity in FCX and POT, both of which gaped above their respective Resistance pivots, so I snapped a Fib. line between the two. The extensions gave excellent target potential.

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