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.

Friday, January 27, 2012

fri 1_27

The SPY set up the 3d criteria while the trigger coincided with both a 3d criteria on the 5-min chart and a trend line break.

POT had a decent trend to it and price continued higher after it pulled back.  Two entries with very small stops in place.

SINA was a heart-breaker.  Position size was small and exits were way too soon.  Trade was based on the 3d setup.  First up-arrow long and sold at the highs of the day.  Second up-arrow long and sold at around $64.80 (was shooting for $65.38 resistance but what I perceived as failure under $65.25 made me get out.
and of course here is what it did afterwards...uggh

No comments: