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, June 24, 2010


SPY weekly chart is showing a 3/10 "First Cross" sell signal. The slow line is beginning to dip into negative territory while the fast line corrects into it (merely pointing out a first lower high in price trajectory). The trigger would be to see a larger (more negative) reading in the histogram's (fast line) current reading (whether it be this bar or the next few).
These tend to me more powerful moves when you have the fast line correct into the slow line as it is crosses into negative territory. Interesting how desperately price is holding on to the Lehman gap level.

No comments: