Mike Kshemaraja
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re: Intra day S&P 500
Splashy,
Nice to hear from you. Keep in mind that I only trade forex.
Mike
Hi mike/robster. Having strict trading rules and being disciplined enough to stick to them is one of the cornerstones of successful trading so if sticking to one rule per day or whatever helps you achieve that, then thats fine.
I couldn't find this price action on the chart so i don't know what happened...i would have been tempted to let it play out a little longer due to the triangle being formed (more often than not, they're continuation). Having said that, it may have stopped at the double top and come back - as you say its all about maximising probablities and we all have differnet perspectives.
I don't want to clutter up robsters thread but i'm curious about your money management though - there's no way i could make 2% with 7 pips without creative accounting and breaking some important money management rules. If the explanation is on your thread, i'll check it out.
keep up the good work.:clap:
Splashy,
Nice to hear from you. Keep in mind that I only trade forex.
Mike