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


Tuesday, February 14, 2012

tue. 2_14

Two examples of the 3d setup today.
First, NFLX - impatience led to an early exit

The setup in the SPY into the close today was tricky.  The first entry would have been a stop-out while the second entry was triggered late and right up against one of your targets (50% projection).

The squeeze wasn't THAT much of a surprise (well, perhaps the range of it was surprising, but the anticipation of a sell-off was less favorable) while watching TICK (divergence) at the 2/10 gap fill ($134.38).

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