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, November 29, 2012

Wed. 11_29

Didn't have time to post these charts yesterday:
15m & 5m with 3/10macd....the Fib. projection confluence target of $142.21 area was hit in the pre-market

the day's trade for Wednesday Nov. 29

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

The higher time frame; support was quite strong.   Suspecting some selling on a test of the 50-day MA

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