Monday, May 16, 2011

When Not to Trade

I've been sitting at the screens for the last 4 hours and so far I managed to get a few pips. Got it on the twitter feed http://twitter.com/mengfong


Thoughts for this session:


Only consider 15 minute support/resistance candle at key levels 00, 50, 80. The single spikey doji.


Try not to get in too early - this is my biggest problem.




Going to sit it out until London opens. Back to cooking see if that calms down my trigger finger.