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I got home and the markets were choppy. The stochastics and MACD indicators in the 5 min and 15 min charts didnt correspond.
The only entry I could have made was a short around 147000 when the market failed to go higher from here. This was a resistance level set previously today and was what is called a peek top trade. This corresponded also with a cross in the stochastics in the 5 min. However, due to the nature of the markets today, I didn't take it.
It's always best to conserve capital.
December 4, 2007
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I was reading other trader blogs and I agree with Mr One Bad-Ass Trader who says that you can improve your trading by looking watching trading videos. You can see the post if you follow as below:
http://onebadtrade.blogspot.com/2007/11/improve-your-trading-by-watching.html
In addition, a few days ago I posted a link to listen to interviews of successful traders... here it is again
http://www.traderinterviews.com/
December 4, 2007
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Here's a profile for some of the top traders under 30 years of age
http://www.traderdaily.co.uk/magazine/article/9872.html
Darn.. I'm over 30 now so I'll never make this list! :)
December 3, 2007
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