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.

Monday, February 4, 2013

Mon. 02_04

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

Really kinda screwed-up the early morning through late afternoon trade...didn't take positions short as indicated by the "x" on the 5-min 3/10macd

Quite strong negative breadth today:

Market is taking out long positions entered at least back through January 25th.  While the hourly chart is showing the 20- & 50-MA's converging and possibly crossing over, however, the Daily chart (bottom right) shows quite a strongly bullish orientation of those two moving averages and a pullback to the 20-MA would be eagerly awaited by bullish positions.
Anticipating 2c-2d criteria on the daily chart so I would be looking for a 3d (or possibly even 3a) type criteria on the 65-min chart before getting bullish.

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