Wednesday, July 13, 2005 11:46:10 PM
Trade Journal: Every 3rd Session of The Week Update
Although it’s a minor up day, it’s an up day nonetheless. So, this chain of occurrences has been broken today.
Is the market teaching me to apply the trendline instead? This Monday and Tuesday’s price action did move convincingly above the downtrend trendline.
It worked for me like clockwork in the past 3 weeks, and that confidence had probably blurred my vision. I should’ve seen the trendline was broken. But, why every 3rd trading session in every single week, except for 5/25, for the past 2 months? Is it psychological or mechanical? What’s the significance of the 3rd session?
Since nobody I know even noticed the existence of this pattern, and I know quite a few people, I guess I’ll have to, once again, figure this one out myself.
Fascinating, absolutely fascinating... Things that make you go Hmmmm....
And here’s the chart I posted yesterday.
Although it’s a minor up day, it’s an up day nonetheless. So, this chain of occurrences has been broken today.
Is the market teaching me to apply the trendline instead? This Monday and Tuesday’s price action did move convincingly above the downtrend trendline.
It worked for me like clockwork in the past 3 weeks, and that confidence had probably blurred my vision. I should’ve seen the trendline was broken. But, why every 3rd trading session in every single week, except for 5/25, for the past 2 months? Is it psychological or mechanical? What’s the significance of the 3rd session?
Since nobody I know even noticed the existence of this pattern, and I know quite a few people, I guess I’ll have to, once again, figure this one out myself.
Fascinating, absolutely fascinating... Things that make you go Hmmmm....
And here’s the chart I posted yesterday.
David
#board-3693
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