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 27, 2012

Tues. 11_27

Today's trade:

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

Only took 3 trades.
First up arrow has an "X" indicating that I considered the trigger but didn't enter.
Was disappointed in a late entry on the first trade I took (long).
Second long entry I got out with a very small profit based on the order flow at the time.
Third trade, short, was before the "triggered" entry.

The higher time frame showing a potential short entry on the close today.  I wouldn't want to consider long positions until the 65m chart recovers a fast line > slow line orientation.

A look at the IWM daily chart showing a rejection candle at previous support and at the top of it's long-intact upper channel.

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