Friday, January 18, 2008

profitable but dumb trading

 -6, -5 then plus +22.  I have to think about trading in a trending market now even though I despise trending markets. The tape is starting to whisper at least and I guess I had to take a trade from a risk/reward perspective on the test of those lows on YM with such a nice balance area above the short.
I think I've finally flipped in my thinking that this is not a balancing market in a downtrend but its a bear. Step very very very carefully.

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