Bear flag setup in the SPY yesterday. A particularly poor trade on my behalf, getting out WAY too soon and failing to get back in when I realized I got out way too soon.
In criteria jargon, this is a 2d-4c continuation setup. Again, it's just a bear flag, I use the criteria as a way to subjectively identify it with the indicator. It is just the fast line pulling into a down sloping slow line that is crossing (or has crossed) the zero line.
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.