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, February 28, 2013

Thu. 02_28

today's trade

3-point drop in the last minute of trading.  Looks as though March may have an interesting start tomorrow.
Unfortunately didn't take the short into the end of dumb

Looking like a lower high, followed by a double-top at resistance.  Today amounted to a faded breakout.
Higher time frame (65m) still showing a bearish favored trend, the 3/10macd slow/fast line is crossed and I'd like to see an XYZ wave on the faster (15m) time frame to short but I would still suspect a higher low to be defended.  $150.80 = 50% retrace of this past move.

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