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, November 9, 2011

3d rollover

Came across this trade but was late to take it or I likely would have entered long. Price did reach a 50% projection off of the small seed wave but failed to follow-through.
Something to always remember is that when a 3d long entry fails it can often set up a roll-over short entry.

The 3d setup also presented itself later in the day across a number of issues.  Here, in the SPY I entered long but scratched the trade as price faded off of the 50% projection.  However, I didn't take the "roll-over" aspect of this setup as we were going in to the last 30-minutes of the day.

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