Focus on the past to improve trading the future(s).
Monday, December 12, 2011
trend down day trade:
internals - strongly bearish... the key was to do nothing -- and wait until 3 pm when the cover trade comes in --- /tf moved 10 pts -- no way to fight it. Getting long early won't work. but end of day will likely be a very easy trade with confirmation in bonds getting weak and -- like today - the euro bottomed off an old low established on Oct. On Twitter, permabears were covering with glee -- so it was clear the trade just needed the last half hour for the move.