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 firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.
Thursday, September 1, 2011
3d setup in FCX this afternoon. Didn't fulfill its targets (hinting at weakness ahead).
Same setup in GS later in the day. Got a good entry long @ $112.16 but gave up on it at the average of $113.
Getting the feeling GS was rolling over I shorted the bear flag ($112.55) and AGAIN couldn't get my 100% Fib. target.