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.

Wednesday, April 3, 2013

Wed. 04_03

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

Breadth - declined rapidly following the ISM #

Opening swing - I missed a really good short opportunity here 10-minutes into the open

The first hour or so into a trend day is difficult because there is such uncertainty that all support levels are tested for acceptance

Another breakdown from a channel

Daily 2b criteria developing into a larger correction (2c-4c) I would be looking for the 5min to form an XYZ wave (4d-4c continuation)

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