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.

Tuesday, November 20, 2012

Tue 11_20

Slight continuation of the previous day's momentum to start the day.  A bit of a panic move on a Bernanke statement, otherwise closing right around resistance.
5 trades; 4 long, 1 short.

The day's trade;
A key for the above chart to define the horizontal lines and dots.  For further explanation, see this link:  

$139.50 looking like the next immediate level of resistance, while the 20-day moving average is around $139.87