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.

Monday, March 21, 2011

missed opportunity

Some setups I saw today but didn't take and one that I did.
RVBD 3d setup, long on an opening range breakout

RIMM; nothing stellar, but it worked, 3a criteria on the 15-min chart waiting for a pullback on the 5-min chart which coincided with an ascending triangle breakout.

PAY, 3d setup ascending triangle. nice how breakout resistance turned support.
X, I actually took this trade but hesitated for 10-minutes.  It was another 3d entry but the entry candle should have been two bars earlier (on the 5-min chart) but I didn't trust it.  Exited at $53.90 because of longer-term resistance at the $54 whole number.

No comments: