
i thought the market was going to pop. i bought this as well as fcx.


chat room, breaking highs. i took my money and ran.

i don't think charts get better than this. that was a beautiful 50% pullback, plus a nice doji. unfortunately, i wasnt in the office yet and i try not to trade before 10:30. though, i may change that to if i see a truly compelling chart i willl take the trade.

bought it as i thought market was going to pop. took my money and ran when momo stalled. i tried to purchase again later on after a pullback but i got stopped out. when at it again after it made a beautiful hammer, but there was no follow through. then i went short but got stopped out there as well.

phew. look at that son of a gun. 2 points in about 20 minutes. i tried shorting later in the day thinking it would head to lows. what goes up must come down.

i bought the consolidation. got stopped out. this was a bad trade because i put my stop at a money loss level vs the correct technical level. if i would have waited and bought according to the correct technical level then i would have been okay. to further explain, i got in and put my stop around .44 because i didn't want to lose too much. but it really should have been at the bottom of the earlier hammer around .34.

momo pushing up. no follow through.