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, November 9, 2010


After the previous post regarding the 2x bar setup, I'll keep going with RIMM:
Daily....a breakdown of $54.76 should trigger a few tight stops
At any rate, the previous midpoint (based on Friday's range) was $55.91 (yellow dash line).  While the current midpoint is the purple line at $55.75.  Also on the chart are some target lines at $55 and $54.50 (based on previous S/R).
Patience prevailed while giving time for the H&S pattern to develop as we approached noon,  giving a good pullback entry at or previous day's midpoint.

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