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, October 13, 2009

what i watch

These next 3 snapshots (Daily time frame) include stocks which I keep tabs on regularly. They include the 20- & 50 EMA's, and a 2-period Rate of Change. I like to zoom in and look at where price is within the most recent 10-15 day range and see if there are any candlestick patterns that jump out at me (like the dragonfly doji on XLE). The rate of change can hint at whether price/momentum may be waning and can give me an idea of what I might expect going into the next day.

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