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.


Saturday, November 13, 2010

basic setups

Simple basic setups in the SPY using the 3/10 macd:

2 comments:

Roger said...

Is that a long setup or a short setup?

It seems like a weak retracement pullback.

todd said...

There are 5 setups in total on that chart.
3 Long entries and 2 Short entries.