Wednesday, November 18, 2009

D's 3-Tick Rule

TF 1 min
Was teaching D to trade a Wolfe pattern that I learned from Todd. Told D to buy at 595 (blue arrow), and place a 3 tick stop. Target was anywhere along target line. I projected 598.3, 599.5 and 600.

D took 3 ticks and happily exited.

Sigh.

WASTED.

There was a wolfe pattern yesterday too. Will post later. But find your own first just for the fun of it.

For the record, D has only 1 losing day since beginning of the month. So, maybe his 3-tick rule isn't so bad after all. Ha ha.

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