Discussion in 'Journals' started by aeliodon, Nov 21, 2006.
Timeframe is intraday.
Trading vehical is YM.
Strategy is discretionary.
Position size is 1 contract.
I'm still trying to acheive a level of consistancy that will enable me to size up. For me that means a pf greater than 2 on all trades. Let's see if I can get there by year end.
I see 4 days of lateral movement in the SPX. In the most recent past this has been followed by an upside breakout. But with the VIX at multiyear lows - I sense a multiyear low of complacency - an irrational fear of selling this parabolic market up even in the face of the risk for recession being the highest in many years.
I see an inside bar on the SPX, so tommorow will be interesting.
How is your trading going?
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