Focus your mind, manage emotions, go with the flow.
Wednesday, October 28, 2009
sold FAZ, note 5 minute doji
AIG stalled so covered it and long again
continued market weakness will make AIG fall and FAZ, SRS rise. go with the flow until it stalls.
AIG
FAZ
sold AIG
buying on pullbacks gives you a chance to counter the marketmakers shake out schemes.
AIG here. After seeing it shoot up and fall back a few times, I bot at near the end of the pullback on the 5 minute candle. small risk, lets see how it develops
AIG
prices getting attracted to the lows of day again, be ready for wild action if it breaks or a bounce if it doesn't
QQQQ
when the markets look like this I up my quantity and become very aggressive. pick a short, any short or play the inverse ETFs FAZ SKF SRS then play the sharp reversals when they come
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.