Thursday, October 18, 2007

Having a Hard Time.....

.....just sitting back and waiting for the appropriate setups to materialize. I am currently getting caught up in candlestick movement going long....switching....going short. Has nothing to do with the indicators, it's all me. Financially, it means nothing, but from a discipline standpoint, it is creating a lot of anxiety. The best play here is to draw a line above the 61.8% retracement of the Tuesday/Wednesday HVP Range and below the Tuesday HVP. Then, I need to sit on my hands and do absolutely nothing until a clean break of this range happens. Watch for the head fakes and then look to the momentum indicators. It's that simple right? Right!

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