Tuesday, October 27, 2009

October 27 Overlay, Trades, and Commentary



Check out the scalp video in the previous post below.

Action was a little tight today. There was some movement but limited opportunities.

This was to be expected and premised correctly in the prep.

I had a minor profit today on an early scalp. There was not much else to sequence. It is good to not get chewed up in a day like today.

The best trades were just buying the 1058.00 support zone.

I am currently in a mode where I am not aggressively buying minor or regular support zones without some sort of micro confirmation. I will however buy an inside zone with no confirmation.

I feel like I am leaning on the micro breakout entries too much but they work. When they are not present, my trades have not been performing well.

Like I said in the earlier post, it is an internal battle right now in exactly how to best utilize my ability to feel and read the market. I think I am working through it well and will come to a good conclusion soon.

The goal for this week is to continue to win and work on sequence. I must master the art of sequencing without forcing myself into entries that I so not like.

This is the toughest part because on one hand I need to avoid randomness but in the other hand, there are plenty of entries that are technically correct but need to be left alone.

I have to program myself separate legitimate hesitation from hesitation due to lack of confidence or some other cause. They often both feel the same.

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