Monday, December 7, 2009

December 7 2009 Overlay, Trades, Commentary, and 12 Min VIDEO



CLICK HERE FOR 12 MIN COMMENTARY AND LIVE TRADE VIDEO


**You can click the screen icon on the lower right hand corner of the Screencast screen to expand the video to FULLSCREEN mode


I had a good read on the contraction this morning and took a micro breakout long just after the open.

I knew there would only be one good shot at the long this morning so I acted decisively. My plan is to act fast while I am in position instead of reacting to what I see while out of position.

This is analogous to poker in many ways.

The trade resulted in a break even which is a good outcome for me in this type of price action.

There have been multiple requests for more videos so I did a 12 minute video explaining what I was thinking.

CLICK HERE FOR 12 MIN COMMENTARY AND LIVE TRADE VIDEO

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