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

Tuesday, May 1, 2012

tues 5_1

An example of the 2d setup that ends up reversing rather than continuing the trend direction.
The 2b setup often shows itself as an inverse H&S on the faster time frame and simply highlights a higher low in the pullback of a trend.  However, if price fails to push through resistance there is the potential for a 2b short setup, which is what we saw here today.  The long was scratched for a little more than b/e.

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