Early morning had some trades about 50/50 was down until after 10 o'clock news reaction, took a long & carried it a bit, got out recouped and now Im up $130...gonna stay put & retain the feel good mood & carry it over to tomarrow.
Been using fibs alot last week and Im struck by the tendency the market reacts to those fib levels, especially around the 76-100 % areas...very cool.
Yesterday I allowed my $100 stops to get hit & wasnt trading very good, instance, the 1st one was made while journying so wasnt paying attention...but I did strieghten up and got on track w/ some decent trades that left me feeling motivated!
Today different story...I think I'll go one more week in sim and repeat this process all week. Thanks!
I wonder why Ben Bernanke is in china with Tim Geithner and Hillary Clinton?
That trio doing a road trip is unprecedented. Something is happening, or about to happen, that the U.S. and Chinese economic powers may be worried about.
Are they coordinating a plan to prop up the euro? Maybe their watching the election in France. If France ellects a socialist that wants to go back to the austerity measures imposed by Sarkozy regime it could derail the EuroOne stance w/ German Chancellor Angela Merkel. And if things get heavy & play out on a uncertain way w/ Europe's stability while we hold support or not? We could be headed for a bear market crash..just get your short on gents!
Opportunity is always around the corner no matter how u spin it! Noticed that we broke $100 WTI (West Texas Intermediate) and thats bearish.
I decided to go sim one more week, if I can repeat friday, be focused, short the pullbacks or visaversa and place 20 point stops (YM) I should be in the game!