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.
Thursday, February 27, 2014
A couple losses (again) and a few targets hit intraday
XLF - loss taken, long entry initiated
SPY achieved primary target, came close after hours to secondary target.
QQQ another entry initiated but slightly under water at the close
IWM long entry initiated
DIA long entry initiated
IYT long entry triggered as well. Looking a bit like a cup & handle. Perhaps the Dow and Transports will play catch-up tomorrow?