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 28, 2011

shorts mostly

  Reverse divergence short (higher time frame failed pennant breakout) on the bearish engulfing candle (6th bar) on the 15-min bar.  Cover on the momentum div.   Short again on the 2d criteria setup cover end of day

GS inverted cup w. handle breakdown corresponding with a 4d short setup.

JCP long based on a 3d setup.  With this much weakness my initial target for half was the PDL, while the other half was stopped out at b/e.  Always look to reverse when the 3d pattern fails.
AMZN ascending triangle breakout (3a long entry) turned fakeout.  Was a nice bear flag pattern into the close but I didn't revisit

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