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 23, 2012

gold update

Gold had a strong breakout day today.
Looking to test $1800 yet again.

Looking at the higher time frame monthly with a weekly trigger chart, should the weekly 3/10macd fast line turns green we could consider that a buy signal for the higher time frame (ultimately we would then like to see the fast line cross the slow line on the weekly, rather than weakly roll over).

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