3d setup on the SPY. I've mentioned before that the best time for them to set up is after the 2:00pm hour and into the 2:30 period. The price characteristic going into them is either a Head & Shoulders or 3-pushes (first push here was the open gap down) to a low where the lower low results in a bear trap short squeeze. Exits taken at vwap and the Open price. (horizontal black dots).
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.