Monday, February 8, 2010

Trading the consolidation

The ES is due for a bounce, however I think this week will be range-trading (1050-1067) before a bounce to around 1080. I will go short around 1080 with stop right above.

Will set stops before entering trades this week. Will let profit run, but only according to Zigs T-theory (time symmetry). I will not trade according to PAR signals or Sequentials, but only use them as confirmation of itraday movements.

Will update my trades as they happen.

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