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, September 25, 2009

Fri. 9/25

We ended the week with an inside and down candle and we sit on a short-term trend-line support.With a trend-day down yesterday, we needed to keep a watch on how price reacts to both the previous day's low (PDL), the open, and the high's of the last hour of trading (LHH).We could have anticipated a choppy beginning so it's important not to have any knee-jerk reactions. Our gap down sold right into the PDL on mediocre TICK. We snapped back up until price began to test the last hour's highs on fading TICK, bringing price lower.
The low of the day registered a momentum buy divergence, eventually closing right on top of my support pivot.

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