Sunday, August 29, 2010

Muted, range bound action

At the end of May on Members Site I speculated that MOS might be a good long based on weekly TD Setup Buy in progress


This is an old chart


Here is today's chart – DeMark did it again – price went all the way down to TD Risk Level ( around 10% below TDST) and up it went after that – producing over 50% gain. 



The point is – money management shall be an integral part of all trading systems (I am really bad with that part, I was groomed by cavalry squadron :)


Current market action for position trades is not the best, but I think in few days if SPY will hold 104.60 area, there might be a long trade coming up.



It is great to see a lot of new "faces" and see how different opinions and methods coexist here – this is what TTW is for – everyone and everything…for as long as ego is contained and others are respected – keep it up gang!

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