Tuesday, September 8, 2009

YM (Mini-Sized Dow) Trades - 09-08-2009

Trade 1: +16, +11 (1st DN, 38% Fibs HIGH to SL following EDRP)
Trade 2: +14, +22 (1st UP, 38% Fibs LOW to New PH, Confluence w/ Daily Pivot)
TOTALS: +63 / +$315

LESSONS LEARNED:
- "Exhibit A" Trade (1st UP or 1st DN), stick to your P.O. rules (extended P.O.s) and focus on Price Action when in the Trade for a potential Reversal Price Pattern for signal to Exit P.O.#2 before the Market reaches Initial P.O.#2 Target.

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