Thursday, January 3, 2008

A quiet pre-employment range day


Now that I have figured out how to include charts in my blog entries, let me try to put in a daily chart and use this blog as my TRADING JOURNAL. Today was a typical rangebound pre-employment trade, but the interesting thing to me is that even if you call it a choppy trendless day, note that my big yellow lines are 10 FULL NQ POINTS apart!!! So it goes down, up, down, and up giving the astute trader the opportunity to capture up to 50 or 60 NQ points. I was appropriately waiting for AHG guidance, ie the definition of a trend to emerge, and inappropriately got pulled away from the market for a trip to the dump and a doctor's appointment. AHG did save me from selling it when the trend was actually up. No trades today, but for the record note a rangebound but tradeable pre-employment Thursday.

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