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 11, 2012

thurs. 10_11

Gap up to the previous day's high.  Gave a half-hearted attempt at extending higher but not quite to the 25% extension of the overnight range.

Advance/Decline and Up/Down volume were quite bullish today

Should have taken a long around 9:30 and a short around 10:15 but didn't like the feel of it. Blue arrow is an entry, black arrows are exits.  My short entry before 12:30 was earlier than the "signal" (fuschia down arrow).

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