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, April 25, 2011

3d setups

Just some examples of the 3d setup which ocurred today.
The main prerequisite is that the negative slow line has a nice trend/slope to it.  They can happen at any time, but I find that they often set up mostly around the 1:00-2:00 CST hour or can carry in to the next session.
GS - The better of the 3.  A double-bottom put in by an inverted hammer that was also a tweezer candle pattern.  The entry (fast line turning green on the 5-min chart) was never re-tested.

STT - I have 3 arrows (5-min chart) for 3 possible entries; a tick up in the fast line of the 3/10 macd (aggressive), waiting for the fast line to turn green (second arrow), or waiting for the resistance level to be broken above vwap.  Whichever way played it would have been a challenge.

POT - one I actually got involved with.  The slow line on the 15-min chart didn't have much of a trend to it.  The first arrow (5-min chart) was where I placed a limit order, that was touched but never filled.  I failed to come back to this later in the day even though I was aware of the ascending triangle it was forming.

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