Senin, 06 Februari 2012

Monday's Are Really OK

Mondays are OK. Today was OK. Mostly in the DAX.


The chart below is the Euro future. One good trade and the other I scratched when it went nowhere.


As I said before, markets rhythms have changed and are still changing. Sitting in front of the screen all day is tough. Watching just one market, as non CP traders should, is even tougher if it's a market that's not moving. Discretionary trading needs a lot of discipline. It's very easy to go off piste and lose it due to anxiety to earn or through impatience.


The Renko chart takes out a lot of the noise.


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