Saturday, January 26, 2008

Weekend review of Friday trades

Annotated charts showing my poor trade selection on Friday. With a big gap to fill below and coming off a steep uptrend, the smart guys were short early. I waited to buy a trendline touch, which may or may not be excusable, but after the trendline break I kept trying to buy, then sat in a fuddle the rest of the day. Afternoon was not as simple as it looked - stability did fake out many people, but there were at least 2 clear short entries that I missed.

Morning trades/ comments taken from my notebook, ie how I viewed the market at the time.




Some missing midday price action, then the afternoon comments - no trades after the 3 losers in the morning.

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