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
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Monday, December 7, 2009

also...

....perhaps an Inverted Head & Shoulders pattern on the IWM (measured move included)? The other option being the bearish wolfe wave scenario.

5 comments:

Anonymous said...

That's not an inverted HS pattern imo

todd said...

http://stockcharts.com/h-sc/ui?c=$GOLD,uu[h,a]waclyyay[pb40!f][vc60][iue6,12,9!lj[$spx]]

todd said...

the purpose of the link above was an example of what was proclaimed "not an inverted HS pattern." Though it succeeded in achieving a measured move.

todd said...

AND...the measured move out of this pattern would only bring it to barely new highs (in line with the rest of this market). So, in this scenario we would only be looking for a re-test of the highs.

Jaguar Forex said...

What a cool post, thanks for sharing.