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Re: lee kramer post# 213181

Thursday, 03/04/2004 1:43:06 AM

Thursday, March 04, 2004 1:43:06 AM

Post# of 704048
Alright, wise one. Check this:

I was wrong on my trade. Opened at 2192, mental stop at the 20ema, around 2188. the price spiked below the line for three ticks, low volume, still in the bounds of the previous flag formation. then it spiked to 2184 below my stop, and I'm thinking headfake (low vol, but then again we're kinda thin now). Was right, next tick reversed back above the trendline on good volume, now after all the typing we're at 2198 and I'm 2 points from my target.

I feel like this is a bad trade - didn't follow the rule I set going in, but followed my gut. Gut being correct doesn't seem to justify rules violation.

If you have any thoughts, I await your insight and thank you!

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