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.

Friday, July 6, 2012

3d into the close

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).

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