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, April 19, 2011

quiet day

The only thing I traded today was MON.  Two shorts, one for about 45-cents the other for 20-cents.
The first short trade was an "Avalanche" setup (Not that I'm recommending you buy it, you could just ask me about it :)  Price found support at the 50% retracement of the opening range.  Couldn't really expect more out of it with such a strong impulse off the open and strength in Ag. names today.
The end of day was a scalp following a big sell order.  Had my sell short order in at $62.09 (a low volume node) and pulled it 30-min before it tagged $62.09 and large volume sent it back to vwap.  Live and learn.

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