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.

Tuesday, July 13, 2010

POT drop

Is a drop in POT imminent?
Would you buy this chart? Of course it could make a juke move to the 50-day, but sitting at resistance the way it is (previous support), failing to close above $94, and the two bearish candles is giving me reason to look for short setups going forward intraday.

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