Wednesday, February 25, 2009


(I only post lossing trades in chart for learning purpose
lossing trades were all placed opposite with bigger trend - always assume the market will keep moving in the old direction until trendline broken)


- 11:45 VOLUME trap, VOLUME jumps at the end of trend, it is a reversal signal, sellers are waiting with big limit orders, if no follow-through, no more buyers will keep buying, it will go down.
- Wrong trades were hold too long in the range bound day
- any trades should be timed with TICK MA
- range bound day-- divergence rule can play
- Use 5min chart to decide trade and direction, 1min chart to gauge price
- only see trees not forest today...be patient ...... dont need to rush into position!!!!






P/L -200



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