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.

Wednesday, July 14, 2010

The Important Matter of...

...not sticking to a direction bias.
As much as I was thinking POT might see some selling today, it just wasn't happening after recovering its 20-MA. I didn't make this trade, but it was a nice example of a pattern breakout.The triangle breakout didn't quite make the measured move projection, but the Previous Day's High was a realistic target that coincided closely.

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