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, November 2, 2012

Fri. 11_2

Considering we had a shortened trading week and it is the week prior to elections, it was essentially an undecided (chop) week in the equity indices; weekly high-wave or long-legged dojis.
The SPY is still in a corrective (and quite symmetrical) cycle process.

At any rate, here is the SPY for today

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

The 15m & 5m with 3/10 macd below.  I didn't take the short trigger indicated with the first down arrow.  I did take most of the triggers in the "Chop" zone (highlighted), but only for a loss of about half of an ES point.  I didn't take the 12:20 down arrow as I was already short at the 12:05 bar.

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