Focus your mind, manage emotions, go with the flow.
Monday, December 15, 2008
Different day, same pattern.
After a nice run up, momentum is slowing so it's time to take profits and short sell them. Lower red line shows long entry. Upper green line shows short entry. Upper red line is price point I'd be proven wrong and stopped out.
I will endeavor to post charts showing my daily trading activities in as real time as possible. However when there are fast market conditions there will be several minutes delay while I sort out my positions, then get around to posting the changes here. I trade off 5 minute charts in conjunction with 15 min. charts and pay close attention to 5 min. charts of the S&P 500 and QQQQ.
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