Again for those who still do not get it, take a look at this chart. it is similar to most of the trades I take. I did NOT take these trades as it was late friday session but it does not matter. Keep your s/l reasonable and make a bunch of money. The key as i have shared with so many is a couple of things. First learn to cut your loses when you feel it is going against you because FOR SURE there is anothe setup coming and KEEP TAKING THE TRADES, do not stop trading just because you took a small loss!!!! YOU WILL WIN IT BACK QUICKLY!!!
Friday, October 30, 2009
Thursday, October 29, 2009
Wednesday, October 28, 2009
Tuesday, October 27, 2009
#5 again same trades, the white dot was the recent high, got yellow on the spike and jumped in bias being down, thought it was going to break down hard but it did not so i took a few
#6 bias down got under the tma broke up and i lost only to watch it come back to 00, oh well....
Monday, October 26, 2009
#1 price was moving up, dow just opened and was ++, i jumped in a buy once it retraced and pulled back above the tma. My exit was the 50sma on the 15min chart and my yellow.
#2 which is also where i shorted from and grabbed a few that way
#3 it then moved back up spiked i saw yellow again and once under the tma I shorted and exited at the same place as before.
#4 priced started moving back up and i entered again in a buy dow was then +77.
Then i decided to cool off for a few minutes and let the market make another decisive move...