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, April 12, 2013

Fri 04_12

Last trade of the day is missing a down arrow for a secondary exit which was taken in the last 5-min bar.  There is also a short in here that's not marked around the 13:20 hour.

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

Opening Swing and first hour's trade - 50% level reflected from the pre-market range

ES with globex - looks like an ascending triangle into the close, which can go either way, but whichever way it breaks you trade in that direction.

Volume profile - price finding support at a previous (2-days ago) Low Volume Node

Breadth - fairly bearish all day.  

SPY Cycle update - there is still potential for this to be the midpoint of a measured move higher

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