Focus your mind, manage emotions, go with the flow.
Wednesday, July 08, 2009
Momentum wise, ETFs like SKF SRS FAZ are all showing strong moves to the upside. If the momo continues expect the ride to get wild as these things move like rocketships. If the momo stalls then pick away at profit taking candle by candle.
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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