Thursday, April 16, 2009

NQ 14:43ET and wicks.

2 pip gain in the NQ....waited for the strong push into support before picking off a really nice entry (green line on 5min chart)...wicked down one more time (creating a "Tweezers Bottom" candlestick reversal pattern)- consistently following one way of doing things hence the reason I didn't get back in.

I'm noticing alot of patterns pushing through their upper/lower trendlines on the third leg up/down by more than usual. Patience is keeping me out of trouble though, while still giving me a chance to take the opportunities presented to me (so far at least)

1 comment:

Jules said...

Impatience has gotten me into trouble all the time :-) Not chasing has saved me many, many times.