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 27, 2012

Mon. 2_27

The ES continues it's drift.  Notice the confluence of Fib. projections at the 1390-1394 area.

The gap down just gets bought up.  Once the A/D-line got back to zero price just vacillated at the highs for the rest of the day.

Crude saw some selling late in the day, but the trend being so strong buyers are likely hunting for buy-able entries

Copper still not able to recover that overhead resistance

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