Tuesday, November 10, 2009

11/09 Daily Summary

What doesn't kill you, makes you stronger.

Difficult months like these are a great brain stimulant, I've been trading in relative quiet waters for a few months, and then we hit this type of storm, both my positions bite the dust and this triggers me a strong stimulus for doing more study and research. One of the positive outcomes is that I've started to pay a lot more attention to the 5-Day volatility chart that I developed about 10 months ago and never paid much attention to...

Another positive outcome, is the VerticalSolutions Forecasts charts, I've become a fan of this profile, as it helps me to spot if we're moving with momentum or not during the intra-day price action.

Position's Details:
11/09 MNX Iron Butterfly
11/09 NDX Iron Butterfly

Price Action & Vertical Solutions chart: Notice the 5-day price spike showing strong reversal to the up-side, I got an alert warning on MNX last Friday... Studying ways to use these warning signs to my advantage

No comments: