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. I day trade the 15-minute time frame by using the 5-minute to trigger the trade setup. I can be contacted via email at toddstrade@gmail.com


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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