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.

Thursday, February 4, 2010


Predictable, no?
If it wasn't for that mentally significant level of support below, this market looks rearin' for continuation. A First Cross sell signal being triggered across the board, on higher volume today:
Gold was down big today. With all the news of Dollar strength bringing down commodities, Gold just naturally seemed due for a pullback, and this chart (using GLD as a proxy) still looks fairly healthy.
and should it pull back further, $100 ($1000/ounce spot market), or even $96, could bring in renewed buying on a Resistance becomes Support bounce test.

No comments: