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, January 11, 2011

doji day

While price bounces within a 1% range

Price gaped up about 0.5% and sold off nearly to the 50% retracement as measured from the PDC to the day's Open.  After finding support price then extended to a 50% extension of this measurement

This extension also corresponded with a 50% extension of the previous day's range (measured off the PDL to PDH)

Practically no bearish TICK bias until later in the afternoon (ignore the first trendline indicating a divergence, as it is not)

Sailing away we are

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