Senin, 01 Agustus 2011

Is it Is or Is it Ain't?

Well, there's a deal in the U.S. Why don't I feel as if everything is settled now? I still see a shoe in the air that will drop when people least expect it.

Looking at today's action- Flo took the first trade long, a loser, and then found that the trend was down. Today is a good example of why using an algo, at least for entries, is the way to go. Quick trade recognition and instant trade execution. Not a lot of thinking needed. Trades get executed in accordance with my TP. Flo can change her mind on direction in the blink of an eye. I can still add trades manually and I get out of any trades I don't like.

The big green arrow show where I finally exited the trades. I used Flo's exits for scaling out. With chart trading, it's very easy to move orders around to suit the context.


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