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, January 11, 2013

Fri 01_11

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

SPY spent the day coiling...Going into Options Expiration next week will likely bring some volatility into the market.  Bonds (TLT) and SPY finished their day on the highs.
A lot of scratch trades today.  Should have been more assertive in the morning short trade setup based on the 5-min zig-zag corrective pattern.

Only thing that has changed on this higher time frame is the 65-min 3/10macd having a fast line less than the slow line.  But when you have to squint to even see the 3/10macd that's not entirely bearish (volatility has become very compressed).
The last up-arrow on the 15-min chart (below, right) would be a consideration entry for the higher time frame (65min) anticipation of the 3/10macd going from 1b-to-1a criteria (and what we would like to see is a proper breakout of the previous highs).

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