we'll have to see how tmrw's employment report will affect these patterns.
Thursday, July 31, 2008
Interesting Patterns Taking Shape
we'll have to see how tmrw's employment report will affect these patterns.
Wednesday, July 30, 2008
Strong Conviction In Your Analysis and Your Trades
I made 5 day trades today. WB, SKF, MEE, HK, & HES(thanks blue). I was going in with big size. Cleared another new 2008 record day. This has by far been my best month trading ever! Today is seemed like i was seeing breakouts and strong moves way ahead of time. i would position early and even when the trade went against me, i felt confident enough that my analysis would pan out and the position will be profitable. Strong conviction but never stubborn.
Tuesday, July 29, 2008
If You Have Been Struggling Lately. Try These Tips: By Alan Farley
Avoid The Midday: The most annoying price action these days pops up between 11 a.m. and 2 p.m. EDT. This is the period when computers and hedge funds attack price pivots, trying to break highs and lows to fish out the stops. So get your work done in the first hour and don't come back until everyone has eaten their sandwiches.
Learn To Daytrade: Shorten your time frame and play the quick bursts of buying and selling pressure during the intraday markets. Just make sure to get out as soon as momentum starts to turn and move on to the next opportunity.
Limit Total Positions: Find just one or two promising opportunities in a session and work those trades to their final outcomes. Take off the rest of the day when they close out, rather than flipping the freed-up funds into new positions.
Lower Share Size: Smaller positions can move through greater daily ranges and not shake you out. They dampen volatility levels and let large-scale support and resistance levels work as intended with your trading strategies.
Learn To Daytrade: Shorten your time frame and play the quick bursts of buying and selling pressure during the intraday markets. Just make sure to get out as soon as momentum starts to turn and move on to the next opportunity.
Limit Total Positions: Find just one or two promising opportunities in a session and work those trades to their final outcomes. Take off the rest of the day when they close out, rather than flipping the freed-up funds into new positions.
Lower Share Size: Smaller positions can move through greater daily ranges and not shake you out. They dampen volatility levels and let large-scale support and resistance levels work as intended with your trading strategies.
Monday, July 28, 2008
Seeing A Lot Of These Patterns
Expecting a big down day in commodity stocks tomorrow and probably the market in general.
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