Thursday, May 13, 2010

A TRADE FOR ALL SEASONS

WEDNESDAY WAS THE FIRST DAY IN NEARLY 3 WEEKS THAT I HAD THE MARKET DIRECTION WRONG, EVERY OTHER DAY 3C CALLED IT EXACTLY. I STILL SEE A NEGATIVE DIVERGENCE AND I'M STILL STICKING WITH DOWNSIDE TOMORROW, I HAVE TO TRUST MY INDICATOR EVEN IF IT'S WRONG ONCE IN AWHILE.

GIVEN THE UNCERTAINTY SURROUNDING THE VOLATILITY OF A TOP, TONIGHT I LISTED A LOT OF LIMIT ORDER TRADES THAT HAVE THE ADVANTAGE OF PUTTING YOU IN THE TRADE AT A HIGH PROBABILITY/LOW RISK SCENARIO. THERE ARE TRADES FOR IF THE MARKET GOES UP AND IF THE MARKET GOES DOWN. THERE ARE A FEW THAT ARE READY TO BE TRADED TOMORROW MORNING AT THE MARKET OPEN AND WE TRADE THOSE AT MARKET PRICE.

I THINK THIS IS THE BEST ANSWER FOR NOW.

PLEASE READ AND REVIEW THE PLAN FOR ZSL AS THAT TRADE STILL APPEARS TO BE UNDER CONSIDERABLE DISTRIBUTION. BECAUSE A TRADE DOESN'T WORK OUT THE FIRST TIME IT DOESN'T MEAN YOU ABANDON IT.

SHOULD YOU HAVE QUESTIONS, EMAIL ME AND BE CAREFUL WITH CORRELATION, THE FIRST 6 OR SO TRADES ARE ALL IN THE SAME INDUSTRY.

GOOD LUCK AND DONT FORGET TO CHECKOUT TRADE GUILD'S CONSIDERABLE ANALYSIS TONIGHT.

No comments: