Google

Monday, June 12, 2006

5 Star System Shortsale DOW Index


Dow traded lower prices as indicated by the Friday's closing. A weak closing on BUY day is usually followed by Buy Day Low Violation on SELL DAY (per Taylor's Book Method)

Today was SELL DAY. No surprise. Dow ended 99 points lower.

Technically, there were two scalp shorts in the early session. Our system shouted SELL in the second session after lunch time.

Early Warning System identified a Short entry and it was confirmed by 5 Star System.

A nice decline went for 100+ points.

Our system demands courage to follow it, especially when the trade is in substantial profits.

Take emotion out of trading. To be successful in trading, the attitude towards money has to be adjusted.

We take as much profits as the system delivers.

No comments: