Friday, January 26, 2007

Daytrading without indicators????


Just the same old drill, watch the first bar, take the breakout.....no indicator, no crap, no news, no chat rooms, no guru, just you and price.

Now today, the market opened and filled the orders from those overnight TV watchin, sucker job holders....then it was show it. Lousy bond sell...lousy home starts and the market was not in a good mood. It took a few minutes with one inside bar before it broke out the lower end at 9:39. Stoch went oversold, then watch the high of the last bar on the 70t, take half off move to breakeven (BE) and hope and pray you got the mother load......

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