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 toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.


Saturday, March 17, 2012

botched 3d

Here's an example of a 3d setup trade taken in GS yesterday.  Poor execution led to a small loss, however, my original stop loss (had I let it reach that point) would have been hit by that high wave doji on the 5-minute.  The second up arrow shows a possible second entry which I didn't take.  Going into Monday I'd like to take a stab at buying price should it trade within the "Resistance zone" highlighted.


2 comments:

The Average Jay said...

Thanks for the post.

todd said...

you bet. Thanks for reading.