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, January 4, 2012

more 2c

Took GS long giving consideration to the 2c condition on the 30-min chart while the 15-min chart showing a stark reverse divergence.  The faster time frame showing the inverse H&S pattern and 3d criteria.  First target at the intra-day supply point (coinciding with the Open price).  Second half taken off on failure to follow through.  Not a great trade, but it worked out.

Here is another example of the 2c setup occurring in Crude Oil.  The 50% target was hit without a hitch, but the 100% projection was hit only at the end of the session.

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