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Old 02-13-2007, 05:08 PM
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Re: ES frustration today

I'll have to say that if you see at that moment the trade seems to go against you, you exit. Then the next moment it does turn your way, you get in. This is the problem is that AT THAT MOMENT, what you see and interpret changes from one setup to another. This is what I consider trading on the fly, unplanned. If I come in with the trade, I have to know beforehand where I will be proven wrong, some resistance or support area, a valid objective level. Seeing the tape doing something I don't like at that moment doesn't give me enough to exit, because the next moment can be favorable. To me this is unplanned trading, intuitive trading. If you have it, great! if you don't, your account won't last long).

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