I like to plan my trades before I enter them and write the plans on paper with a pen [writing the plans on excel spread sheets on my computer do not evoke the same feelings in me]; this allows me to have the plan in front of me and I can 'follow along' as the trade unfolds. If I get anxious or if I walk out of the game room and come back in and need to refresh my mind, the plan is there in front me: I simply look at the plan and go back to executing the original plan. Plan, if you stick with it, take many of the emotions out of your trading.
Wednesday, 2 November 2011
There is nothing more bullish to a market than sold out bulls. There is nothing more bearish than covered bears.
30min.view , potential head & shoulders setup that would be confirmed by breaking this week's lows
OR
daily view , we can trade above last week's highs and the 200dma
OR
daily view , we can trade above last week's highs and the 200dma
VIX is up 42% since Friday's close.
That kind of move tends more often than not to produce a bounce in the market.
Watching to see if the market can stabilize itself and then begin to form a base support suggesting that a higher low is being formed.
Friday, 28 October 2011
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