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, September 28, 2012

Fri. 9/28

SPY with TICK.
Lows were capped by the 25% extension of the overnight range  Confluence of the overnight range midpoint, IB_high and o/s_high saw some overshoot (triggered stops perhaps on that move from .26-.56).

A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:     

Advance/Decline rejected at the zero-line

15m/5m with 3/10macd
First entry was taken based on the inverse H&S and 3d criteria on the 5-min chart, otherwise anticipating the 15-min to go to 3a criteria.  Actually entered on pullback to the neckline, 1 bar after the up arrow.
Second long was anticipating the ABC 3b-3a continuation move.  First short was just a hunch  added to the short on second blue down arrow.
15-minute has a Head&Shoulders look to it.

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