Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Thursday, May 7, 2009

I'm not sure I'm ready to Gloat Yet

Umn.... Bearish Cloud cover... I wish it closed below yesterday's lows... We need a Bearish confirmation pattern tomorrow... I think, I suck with Candles....

Once Again, I don't take much Credit... Most of my skill has to do with My "LERNEN" from Teresa.... But as I'm cautious about my Gloating, trading that same way is the way to go.... Trade Like a trading Commando!!!

My point in doing this is not to Blow my own horn... I sort of did call 2 of the last 1 top.... maybe 3 of the last 1..... if we keep running... but with some risk management, a .500 batting average, can win you the Pennant.... and .300 is still respectable...

3 comments:

Tony said...

Your targets have been spot-on. How did you come up with the 90.75 pivot? If it's a family secret, that's ok just tell me to stop asking questions.

I've called 6 of the last two tops. lol


These trend days are like "buttah", so sweet and creamy. It makes up for the friggin chop we've had lately.

Good tradin, bud.

Eric said...

yesterday's low. was 90.75... I know horizontal.

also if you have a low 90's target, you need a momentum low to get you to a bounce for the secondary low, which is your target. your 91.20 or whatever was too high, for my targets

Tony said...

I had 91.10 as a support, but we blew thru it. Next support was 90, and we never made it.

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