wow, so far i am 4/4...losers. i got a little crazy today. i passed up on my first trade in osip (which of course worked). then i bought the next 3 that came my way and they all lost money. then i saw aye breaking lows and passed because i had three losers and was holding sti (which i still am) and what do you know, it rips to the downside. i don't think i can wait for pullbacks to the low or high. if i look at the charts correctly, they have been breaking highs/lows and pullback for the first hour or so. so, now when they break they should have more momentum. i don't think i should wait for a pullback. we will see. today was a good day because i honored my stops, and had 2-3 trades on at a time. the charts...

jwn

i bought as it was breaking highs. set my stop at .65 then moved it up to .73. i didn't like the way it was working out. they say the trade should work out almost immediately and i can see that.


amt shorted at 28.38. stopped out at 28.53. had the fibs from pdl to opening high. i was looking at the retracement into the 50%. had set my stop a few pennies above the 61.8 line. looking back, i believe i need to wait for confirmation from the candles. if i am shorting i need to wait for a candle to break a previous candle closing.







bought jah @ 18.69 at 10:44. stopped out at 18.47 at 10:45



shorted alv at 28.80. stopped out at 28.95. the stop came from a few candles back both had highs around .92 and .91. i set it a few pennies above at .95. looks like i should have given a little more wiggle room. but also i noticed that the candles did not close once below the low of the day until 11:35. the problem with the 11:35 bar is that it closes below the low of the day put is too far extended from my higher line. so, there is a trade off here. i have to figure out when to pull the trigger and when to let the trade stablize for a few minutes. if i was going to use volume, well the volume on the 11:35 candle was not very high, so i probably would not have gotten in there either.