Thursday, December 16, 2010

Pane In The Glass- Pace, Patience & Panic.

Was thinking about how important it is to acknowledge that s/r is flexible. It brought me back to this analogy that I referenced some time ago. There is no bigger pain in the ass than taking a trade in the right zone, but failing to account for the pace of price into said s/r zone...(that'd be the Bull/Bear running into the stuck-in-the-mud fence!)

The following quote written to myself in this post also came to mind:

" Plan to wait for the crazy activity that usually indicates the flush at the end of a trend move."

Having the patience to wait for the moment that feels most uncomfortable (the panic flush/stops...), then getting in anyway, is usually the best move.

7 comments:

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anil chandel said...

You need to be patient in order to successful .