Tuesday, December 2, 2008

TF Trades 12/2




It never fails to amaze me that whenever I am looking for a trade, the trade will end up giving me hours of stress, and that those that I am NOT looking for tend to run into profit zones immediately.

Was looking for a daytrade but needed TF to breakout on the upside of the triangle (see chart below). So I wasn't looking to scalp. But the tape was so predictable today that I couldn't just sit watching.

So, while waiting, I took a few scalps.

TF 5min


Am seeing a bull flag in the making.

Waiting PATIENTLY for a breakout and then a pull-back before placing a long entry.

Am not too hopeful about today's range though...

Anyway, if I can't get a good entry before lunch, I'm turning in.

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