Many traders would call today a trend day since it started at one end of the range and closed in the other. From the sound of it you would think that you can make a lot of money on these days, yet usually I do worse on those days. Probably because I keep feeling I [...]
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Difficult day…
I could not find a lot in the gainers/losers list, but there was a gapper that made it to my list because of the great daily.
Though I did expect the market to bounce strongly and I was not really looking for short this one was too good to pass up, but I did not expect [...]
Another hard day
It was hard to find decent setups again, but this one was nice.
A great pattern, the avalanche, took the price for a nice ride. 2R seems almost ridiculous to cover most of the short… but usually it works very well!
I don’t like downtrending markets, but I might was well get used to it since it looks it is going to stay like that for a while to come.
Did one trade yesterday, and could not find a lot today. Must be because I kept looking for longs, and missed most of the nice short [...]
My 2 cents…
The 30 min dummy setup caught my eye. I zoomed in on the 1 min chart and found a 2 min base with a double bottom with a slightly lower second low.
This slightly lower low can often trigger the up move. At the same time the market (QQQQ’s in this case) bounced from a sort [...]
Shots at shorts
That is what I should do in a market like this. It is a bear market, but I am still in bull market mode… looking for long trades. I should more often take a shot at a short.
At least I made some money today.
