Tuesday, December 14, 2010

what's up blog world. i have been a little under the weather the past few days and have been trying to take care of some other items of life. i only had the energy to put on one trade today. boy, where there ever a lot of opportunities for the patient ones. looking over these charts i realize, if the signals show up on the 15, i still need to wait for confirmation from the 5. sometimes, that will be one candle, sometimes 3 more 5 min candles. i really thinking patience is key. but, i don't know if i have it. when i first started trading i was wowed by all the blinking lights. now, this learning curve has become boring. sitting here, clicking through charts all day. that is boring. i think i will get my energy back when i possibly go live again some time in the spring. i need to remember what i am doing this for. to make money, that is it. that is the purpose. if i am bored making $500 a day so be it. but by that point, i think i will get enjoyment from screwing the silver spoons not necessarily from an accumulation of funds.


i sucked up my dizziness tonight to go to see the paper tongues. they were opening for neon trees. paper tongues blew it out of the box. these dudes are incredible and entertaining. unfortunately, i couldn't really find a video on youtube to do them justice. both videos are the same song, one acoustic and one okay recording from a club. this singer didn't miss a note. he can hit highs like nobody's business. unreal. they were truly entertaining. crawling on the floor, down in the crowd singing, a true performance! there were some people behind us who came to see neon trees and they were wowed by paper tongues.





Charts:


AIG: this was the one trade i put on using the 5 min chart alone. i thought that it had come to far too fast and i waited and waited. when it showed it wanted to go down i got short. the real trade was on the triple confirmation around 1:30.



SPY: that is rough looking. that action around 2:30 could drive a man to drink. and then the last 15mins, wow.


RDWR: i was contemplating shorting this one. i would have been stopped.



FFIV: i had my eye on this as well by chance. it was left on the screen from the day before. sometimes, i find great setups from stocks that trading well the day before.






BCR: didn't work this time


good luck to everyone tomorrow. i don't know if i will trade. hopefully, i will catch everything up by tomorrow evening and can devote my time fully on thursday and friday.

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