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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