Been a while since posting. The time invested isn't returning enough interest to really motivate me to continue on a regular basis. I'll probably just throw some charts up here and there when I can.
Here's where we stand on the SPY. Narrow daily ranges vaporizing higher. We either break out further or return to test a previous pivot, that's how this game works. Either we follow price breaks higher or we follow the ensuing pullback and look to buy the next 2c-2d criteria on the 3/10macd (65-min time frame)
Previous higher time frame 2c-2d setups (3d faster time frame entry trigger)
From June 28 (First shaded region on the left 65m chart)
From July 2/3
From July 10/11 - cute how price broke out after FOMC minutes, came back to sweep up the stops at the $164.70s pivot and then triggered long on the closing bar (at a cheaper price)
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 email@example.com
I am always open to questions, comments, or suggestions on how to improve this blog.