The Fed's heighten awareness on inflation and end of rate cut. There should be continual downside to come until the Fed raise rates to indicate that the economy is improving. You know it will be a long time and the dark days of summer is a long grinding down........there was a proprietary indicator that gave a sell signal yesterday. That was the hmmm....yesterday....But if you following the pivot there will be no harm....Opened below pivot and S1, short it ......another leg down is in the work.....never mind what other gurus will say....
As an aside, this site will be closed off soon... Just do not feel like writing it anymore...concentrate on trading and the system that is being used is supreme... and if you follow this site for the past year, you should have a taste of it... it is all stats and allow me to say screw the MACDs....they are useless ...
good luck
2c
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2 comments:
Howdy 2cents,
I understand your reasons for leaving as your log has probably served your purposes for making you a better trader. Ideas written down vs those in our heads provide a higher degree of accountability and pattern divination.
I've followed your blog for a few months now, have appreciated it, and have even cited it a few times.
http://investorvillage.com/smbd.asp?pt=m&SearchBy=MessageText&SearchFor=2cents&clear=1&mb=6800&Search=Go
BOL with your future trading & life.
Fuzz
Hi Fuzz,
Thanks for you support. The main reason I am going to stop is because I do not think I have any more to offer. If you have followed my thinking for a few months, you have gotten the idea of it. Yes, I have been using it also to mentally train myself. Kind of force myself to get a plan everyday and enforce it the next day. Looking back, the only times that I lost money was when I deviate from my plan or my emotion got ahead of me. If you have a working system, you have to entrust yourself to it and do not flip flop. Thanks again and remember pivot and price actions for nothing will top those.
2c
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