short, double up, exit some, get stopped out on rest. later in the day, just look at the orders below. yee haw! there were some ballsy trades in there. buying as the candle was going nasty red but using the previous hammer bar as my out.

what is funny though, during the first trade, when the QLD made that red hamer, i said to myself, this is a brand new candle formation. it going up from here. but i didn't want to exit the trade because of it. my stop was too lose by. then, once the previous short proves invalid, it is too far from the bottom of the hammer. but if i had any sense, i would have set up an alert near the bottom of the hammer and bought there again. it would have worked well.
















i said to myself, this can go to zero for all i know. so i entered, albeit, late. the real entry was the doji with above the doji. and then most likely, lower the stop to where it was on the chart (green dot).

















just seeing what it looks like with 8ema, it would have kept you in the trade for a nice move.


















look into the mind of a trading genius....ha, just kidding, use it to figure out the qld trades
















gdx,abx, and numerous other gold stocks were hitting highs. i found the one lacking and went for it. decent hammer formation. i used to do this with stocks but it never seemed to work for me. the lagging one would just lag, and i would say to myself, just buy the one that is moving. but scott had said he does this so i figured i would give it a try. i think the exit is almost perfect. i didn't wait for it to get .03 below the previous bar, but the other gold ticks were ticking down much harder. i give it a B+ trade.


tough day trading wise. i couldn't really get a decent direction going. but i was patient, and played cautiously because of the fed announcement.