Wednesday, March 21, 2012

wait for it...

managed to get to profitable --    foolish to trade with no volume, no set ups...  actually had a huge day. 

missed a clear triple bottom - tf -- for 30

 then got with /cl short...    

The patterns are just to help you.   /tf was clearly resistant at 830ish.

 The Market Signals were mostly strong but TLT was strong and XLF weak -- setting up for a chop day.

Today was not a great day - -in fact, it was as difficult as it could be and I actually did fine.

 Main lessons:   WAIT for clarity.  The trade will call to you.   Your job is to NOT THINK.  Observe and then you'll see the resistance/support unfold.

 THINKING just adds clutter.

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