8/29/2010 Rant:

So what did I learn this week?

“And this above all unto thine own self be true and it shall follow as the day the night – thou can’st not then be false to any man.” – William Shakespeare.

I ended my rant last week with this quote and I am starting my Rant with it again this week. I decided to experiment a little this week and move to a larger 30 min. time frame. As most of you know I love the shorter TF’s but because of my 9-5 it is difficult, if not suicidal, to take Opportunities on the 30sec , 1 min or even 5min TF’s if you cannot watch them. Well, I watch them anyway. Anyhow, I was in a few 30 min Opps. and got some but got whacked at the end of the week (2nd week in a row) because the Market reversed (it being in consolidation pretty much) before my TP and because I was not able to watch it and move my stop to breakeven when I was in Pips….I got stopped out. So this experiment did not work, plain and simple. At least I know and can put that puppy to rest. Dixie Cup Market Opportunity. This IS My Style. Time and Time again I find that I am (consistently) way better at singles than home runs. So I think I’ve gotten this longer TF out of my system (during the US Session). The DBRS and PIN patterns are wonderful in the US Session…but I’ll just have to pretend I am in a museum and admire the beautiful pictures from a distance! Selah

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