Focus your mind, manage emotions, go with the flow.
Friday, August 14, 2009
Flat lined.
This was the tight channel that the QQQQ was in today. Very boring day with limited opportunities. Sometimes walking away is the best way to trade.
Makes me wonder though what next week will bring. Are the bulls exhausted, are the bears still alive? I don't care who is in control as long as we don't have more of these flat line days.
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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