Sunday, March 20, 2005

Weekly Rehab!

Haven't been feeling too well last 2 weeks. Got a nice injection on Friday from my trading support system...was really moved just knowing some do care about me and it's not just about trading...I do feel lonely... I think I'll just take a break for few days...

Ok, onto something meaningful...patterns and 'PA' observations:



7-bar hi b/o in the afternoon
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downward consolidation (bleed) for 4 30-min bars usually results in a good short setup
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BEFORE: look at bars with descending highs while lows holding



AFTER: probability is in favor of shorting since it's below ema
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BEFORE: bars with descending highs looking like a waterfall



AFTER: wait for 3-4 bars while pattern is forming, this should result in a 'spike' down.
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BEFORE: looks meaningless but....



AFTER: ...with plotting some lines it does look like a consolidation within a triangle below ema - short

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