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.


Monday, June 10, 2013

Mon 06_10

Nothing but consolidation of previous momentum

Breadth - mostly neutral all day

Higher time frames - Further pullback wouldn't be surprising, while a gap or move higher could lead to chasing (and stops being triggered)

ES with globex

2 comments:

tigerjim said...

Understand the pointing up blue arrows - what are the black pointing down arrows above the price line

todd Sohayda said...

tigerjim Blue arrows are entries, black are exits. Entries/exits are NOT necessarily taken at the close of each bar, sometimes they are taken during the formation of that bar.
The ES w/globex chart arrows indicate potential entries.