Saturday, February 11, 2006

Frist and Third bar setup.....it don't make no difference today!!!!



Today was so funny, talk about being order flow.....if you had taken the first bar setup to the short side...and using the stoch going to oversold and then watching for the high of the last bar on the 70 tick chart to be taken out and manage the trade by covering half....you would have been a buyer...RIGHT.

If you had used the third bar trade setup, then you would have shorted the market at the same time the first bar people were buying some back (point "A") .......and then you would have been managing that three bar trade at point "B" and we all lived happy ever after.....oh yea, I got stopped out...but guess what....we had a perfect storm setup on the retracement......stay tuned

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