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, October 2, 2009

failure to execute

Before the close yesterday I wrote down a note to myself to buy POT at $83.84 if it gaps down.
What didn't I do this morning?
You guessed it, I did not follow my plan. The objective was to get into a snap-back rally back to the 20-EMA (on a 15-min chart). Here's what the decision yesterday was based on with the daily chart, follow the green arrows:

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