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.
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 firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.