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, December 4, 2013

Wed 12_04

DIA - seeing divergences on lower price lows.  Would be waiting for the hourly 3/10macd fast line to turn positive (at least).

IWM - similar divergences.  Buyers likely to buy into higher lows.

QQQ - saw the fast line (hourly) turn positive, but the negative sloping line (also close to going negative) was a more aggressive entry.  A green fast line from here could be a buy entry I believe.

SPY -  The 3/10macd fast line is forming an inverted H&S pattern, so a green fast line from here could be a good buying entry (in anticipation of the Daily fast line turning up and positive).

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