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.


Friday, July 30, 2010

AKAM Falling Three

The Bearish Falling Three Methods has been seen before on this weekly chart:Previously, after forming the pattern, price retraced 62% before the continuation move followed:It would make sense in this case for price to attempt a test of the earnings miss clear air

1 comment:

The Average Jay said...

Nice eye. thanks for the chart I'll keep a watch on this. Enjoy the weekend.
jay