Thursday, August 14, 2014

8-13-2014




Pre Trading Notes:
1.  Still focusing on relaxing and being able to spot the trades as they happen.
2.  Spot the major trend lines before you look for trades
3.  You are confused when you do not have a major trend line in place

Post Trading Notes
1.  Got confused in the afternoon session.  Since the major trend line did not come down and confirm it through me off
2.  I had the same trend lines as Mack but I think the black ones are correct.

Mack's Notes:
1.  You wan to continually adjust your trend lines until you have a very good fit.  Price should hit your trend line and then bounce away.  Price shouldn't regularly be going through your trend lines.
2.  He doesn't like trading in the afternoon b/c it gets squirely and price can do weird things that it does not do  in the morning session.
3.  In a downtrend concentrate on selling at the high of the trend lines and buy at the lows of the trend line.  You can also do it on the EMA but you really want to focus on the trend lines.


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