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
I am always open to questions, comments, or suggestions on how to improve this blog.


Monday, January 11, 2010

DE wolfe

A Wolfe Wave in DE today lends an example for not putting too much trust in your EPA line (Estimated Price at arrival) when volatility doesn't look as though it will cooperate with what seems like an extreme price projection. When the EPA line is too steep, but the technical pattern is working in your favor, I would prefer to look for other technical levels to shoot for, while watching for signs of failure or exhaustion.

4 comments:

NYC Trader said...

Nicely done!!

Anonymous said...

Nicely done!! Except he did not take that trade..

todd said...

Except I did, hater...in @ $58.6

todd said...
This comment has been removed by the author.