Just updating previously posted charts.
SPY- like most of the charts to follow, being that we had a gap up followed by narrow range consolidation we have to decide (based on a faster time frame) whether this is a closing hourly bar worth chasing. Entering on the close of the Hourly trigger bar I would likely stop myself out if the fast line crosses the slow line.
IWM - had the better results based on trigger entries. Interesting that the pitchfork set-up is playing out (nearly tagging the "trigger line"). Again, a fast line crossing the slow line on the hourly is a consideration to exit.
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 firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.