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.

Thursday, October 4, 2012

Thu. 10_04

Gap up, consolidate, momentum, pull back, consolidate, close near highs.
Early morning ping-pong between the opening swing, which was also the midpoint of the overnight range.  Opening swing highs held support as did the overnight highs later in the afternoon.

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

Advance/Decline started, and remained, high the entire day.  While Up/Down volume trended strongly higher all day.

15m and 5m with 3/10macd.  The fuchsia lines were left in to highlight how a symmetrical triangle morphs into an ascending triangle.  This looks ready to move higher in my opinion.

Butting up right against resistance

Today we achieved the 50% projection off of our most recent seed wave.

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