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.

Wednesday, August 8, 2012

SPY Channel

The SPY 130 minute chart (130 minutes because there are 3, 130-minute bars in one day; at least in a day that operates under regular trading hours).
The Red/Green vertical lines indicate when the fast line and slow line cross on the 3/10macd (green indicating a cross with a bullish bias, red indicating a cross with a bearish bias).  Interesting how they all correspond to a trend line break.

No comments: