Trade for 7/30/09
Posted 07-30-2009 at 12:21 PM by That One Guy
Waited around, after missing the overnight pull back. As stated trend never really broke from higher high/higher low pattern. I saw and tried to get involved in this....
I waited around as saw a new balance area forming. Once there was a breakout, I waited for a pull back......
Once I was in the long, the trade never really felt right, as we just sat at 29.(no rejection off, indicating a presence of buyers) Once we broke to mean then held at my entry, I considered closing the trade for a wash, but I froze up and did nothing.
Oh well, better trades down the road, currently market is back inside this upper rotation and acceptance seems to be in play.
I waited around as saw a new balance area forming. Once there was a breakout, I waited for a pull back......
Once I was in the long, the trade never really felt right, as we just sat at 29.(no rejection off, indicating a presence of buyers) Once we broke to mean then held at my entry, I considered closing the trade for a wash, but I froze up and did nothing.
Oh well, better trades down the road, currently market is back inside this upper rotation and acceptance seems to be in play.
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