Wednesday, October 14, 2009

Learning Day

I didnt get any good quality setups today, so i am not pissed about being flat.  On the other hand, PC worked great so I have to formulate a plan of action for that bitch.  I am thinking buy either once or twice, a point below the MA and a stop loss 4 or or 5 points away from that, cover at 3:40 or 3:20.  Need to work on that this weekend. Also, what to buy? SPY IYR or KBE would be the most likely candidates.











-fmlt
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  1. Boba-DurOctober 15, 2009 at 12:16 AM

    i think it's like LBR says: on big gap-off-the-open days, you should take the break out of the first hour range as the direction of the overall trend. so when we broke out to the upside from the first hour's range, you gotta be looking to get in on ema touches, especially with XLF/IYR leading the way like that.

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