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, October 20, 2011

Down morning Up afternoon

Long QID early in the morning.  Two entries.  The first I took a small loss on as the market was still coiling in the triangle pattern, the second entry had the follow-through that I was initially looking for.  Partials taken at the 50% & 100% projections.  I did keep 15% of the initial position on as a runner but took it off when price came back to the 50% projection (not indicated).

  Covered the remainder of my SPY short position from Wed. afternoon before going long later today. Partial exits taken at the 100% & 200% projections.

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