Friday, March 9, 2012

still failing:

so which part of  'setup' don't you get?

If you want to short /tf -- you don't try to 'nail the top'

You wait for the STRUCTURE -- a  high vol. candle at resistance 


consolidation with a discernible trendline lower   3 touch....


Some sort of confirmation from other markets...

This type of pattern typically takes an hour at least -- same for a long setup.

Jumping in early is a loser.  

PATIENCE is the key.   You KNOW what to do.  Can you WAIT for it?

And then PULL the trigger.

It's about a setup.   And the best ones happen at resistance after the early shorts/longs get ripped.

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