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.

Sunday, June 20, 2010


A continuous contract chart of Copper showing a 50- & 200-MA crossing over.In comparison, FCX showing a closely correlated structure

Currently FCX is sitting just barely above it's 20-MA at the top of a channel and just below previous support:From here for the week ahead, on the upside I could see a test of $70-ish while to the downside a test of $62 area.
On a large time-line this issue is looking more and more bearish, which presents shorting opportunities on price rallies back to previous support levels.

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