Tuesday, August 12, 2014

8-12-20014


Pre Trading Notes:
1.  #1 goal is to find the major trend channels or S/R levels
2.  Draw the short term trend lines
3.  If you are confused, no big deal, take a step back until you have a clear picture of what price is doing
4.  Predict where price is going, if it doesn't go to where you think it is going then take a step back and re-evaluate b/c you are confused

Post Trading Notes:
1.  I am looking at buying/selling the failed 2nd entries on the backside and not waiting for them to fully fail.  Not sure if that is a good plan but seems to work really well when you are reading the price action correctly.

Mack's Notes:
1.  You don't want to enter into trades when there is a bunch of congestion.

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