Just some notes.
Extreme advancing day on Friday.
The profitability of the day was really over by 10:00 CST unless you wanted to scalp for dimes. The best secondary move came between 11:30-12:00.
$127 was the line in the sand overhead (missed it by 1-cent initially and the re-test missed by 2-cents).
A lot of little air pockets and island reversals these past few weeks. Looks like it will take some juice to get to $130 but the MO of this market has been; If there is resistance, just gap above it.
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 email@example.com
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