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 17, 2013

Wed. 04_17

A key for the above (5-min) chart to define the horizontal lines and dots.  For further explanation, see this link:  

Initial short (above, right) taken based on how the pre-market set up

Also, the Opening Swing was similar to a drive and stood up to a re-test

Breadth strongly bearish from the Open

Volume profile

Head & Shoulders until proven innocent.  If it is proven innocent a short squeeze would likely ensue, so stay alert.

No comments: