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.

Wednesday, July 27, 2011

just short

Very bearish day.  With market breadth extreeeeemly week all day.  If one was to miss the opening sequence short and were looking for a pullback to short, what I typically do is to look for the 5-min chart to turn back over negative (the fast line/histogram).  It's often reliable, but most important the price confirmation is there; failed retest of the breakdown point.
Daily, with support levels below; 2b short triggered yesterday.

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