Wednesday, June 22, 2005

All Power Trades today

And they said June was a tough month...All Power Trades, and patience is all it takes.

1. Open Gap strategy...it worked
2. Gap strategy...it worked
3. 10:30 Reverse...it worked
4. 30-Min. Breakout...it worked
5. " W " pattern...break even or if you risked 2 points...it worked
6. And how about our...1 -- 2 o'clock move...O'yea!
7. " W " pattern Breakout between 2 and 3 o'clock...it worked

The last trade was also in that zone when we want to be a contrarian...3 attempts to make new lows and then you get that bullish bias going in the late afternoon...just like what we talk about in the workshops.

All PowerTrades...but you can learn these techniques, right?

Marsh

Quote for the day...
He who believes ... is strong; he who doubts ... is weak. Strong convictions precede great actions.