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.

Thursday, August 25, 2011


Following the 3/10 macd criteria this setup fits under the 2d-to-2c (or 4d-to-4c) continuation setup.
The slow line is trending down as the fast line is correcting into it (typical of a bear flag price pattern).
Typically I look to enter on the 5-min chart based on the first negative reading (3/10 macd fast line), but in this case that happened on a green hammer bar so I was looking for a pullback higher.  Fib. projections were based on the first seed wave that is highlighted on the 5-min chart.

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