6.5.2012

Should have listened to my original post.  Two trades -3% this week.  However, both trades would have been profitable if I had waited on my entry.

Here is the take-away lesson:  even if I see confirmation through the tools like SMT, USDx divergence, stochastic divergence, and A/D divergence I need to wait for price to hit certain levels, namely OTE's, before entering.

For those moves that don't make it to OTE level then I will just miss those and that's fine.

I will work on my trading plan to concentrate on only one type of trade now.  OTE's during NYO.  I'm not sure it will be enough to make a living and add to trading capital but I think I will spend June concentrating only on these trades.



I'm having a bad bad day...