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
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Sunday, February 26, 2012


Euro/USD pair currently pulling back within a down trend.  The steep Fib. retracement of 78.6% has been a typical move of these pullbacks going back to June of last year.

So, a move to the 1.38's wouldn't be unrealistic.  This would fall in line with the higher time-frame's upper trend line

Of noticeable importance is the January lows in the 1.26's.  If these lows remain intact this gives the pair a structural higher low and potential inverted Head & Shoulders on the higher (monthly) time frame.

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