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.

Thursday, January 6, 2011

Catching Up

After spending way too much time in New Jersey for the holiday's I'm now back and left having to reconfigure workspaces and watchlists lately after losing most of it to a recent system upgrade.  But it feels good getting back into the swing of things.
The markets are regaining some vigor now that we're starting a new year.  Compared to the micro-range drift we were experiencing for most of December. Yesterday stopped a lot of shorts out, while today faked a lot of longs out.  You  have to shake out the rug before deciding where it will go:
Yesterday being a bullish bar, long's were eager to trade a breakout, resulting in a mild sell-off early on when that breakout failed.  Price found support around the 50% retracement measured off of the previous day's High to Low:

A few TICK divergences:

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