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 toddstrade@gmail.com
I am always open to questions, comments, or suggestions on how to improve this blog.


Friday, June 7, 2013

Fri 06_07

Momentum day, though didn't have the same sort of Advance/Decline internals you typically see on an extreme advancing day.


Higher time frame - bulls need it to push through that $165 - $165.50 area

ES with globex - overnight range midpoint (also 50% retrace of previous day's close to today's Open) held on the opening retrace, Overnight high held as afternoon support.


Another look on multiple time frames

1 comment:

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