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.

Tuesday, April 1, 2014

Tue 04_01

Tough setup when the trigger chart doesn't have a very solid pullback.
The daily triggered a long on a few majors, so looking for a strong momentum breakout. Which may or may not happen before Friday's NFP
SPY breaking out of the "W" pattern
 DIA - a little hesitation, caution for a pullback if there isn't a momentum move tomorrow.
 IWM - has some ground to cover.  Should it trigger a positive 3/10macd daily reading tomorrow it may be a choppy move forward due to the V-bottom characteristic
 QQQ - similar story as IWM
 IYT - all-time closing high today.  Very strong move these past three days

No comments: