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.

Monday, February 13, 2012

Mon. 2_13

BIDU triangle breakout.  Two Fib.s drawn, 1 from the previous day's close to today's open, the other from the low of day to the following swing high.  Shaken out of half position as price struggled with the highs of the day.

SINA - took the morning scalp trade, 2-min chart entry

missed the ascending triangle break later in the day.

Here was a failed trade in BTU.  Based on the 3d setup, there were three potential entries (I took the first up-arrow, not the other two) where two of them were stop-outs, the third finally worked).

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