Monday, May 18, 2009

Great Trade, Snatched Away!

In the moment of expectation, it was snatched away!
2Day. 5 min. - May 18 - All systems were on Go.  The Internals opened on Fire.  The Trend was up.  The Trend Channel was established as being Bullish.  With discipline the trade was entered and then followed in an upward direction.  Appropriated stops were placed to defend the downside.  When everything look great a sudden "pick pocket" move to the downside stopped out the trade.  The disappointing thing was to watch the market rally back to the upside.
10D, 30m. - May 18 - A sudden jerk to the upside with atypical symmetry occurred today.  Tomorrow will require a correction to make it appear more natural.
30 Day. 2 Hr. - May 18 - Trend remains Bullish in spite of skeptics.