Just a few chart examples of setups and/or things I look for.
Coming into the open this morning the SPY was setting up the 3d criteria. As mentioned before, it pays to check a chart with pre-market data for anything which may pop out. The black dash line represents the Open while the up-arrows are potential long entries (one of which wasn't so good, but the rest more than made up for it).
I have posted this chart before and I'm doing so again because I find it to be uncanny how the past is repeating itself in this market
Here is the SPY in 2010
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 email@example.com
I am always open to questions, comments, or suggestions on how to improve this blog.