Tuesday, May 4, 2010

The Daily Note - Do You See What I See?

I've been thinking, wondering, pondering.What makes one trader's view different from another. For example: What do you see in this chart?

Does it give you a clear message of the possibilities? Clearly the day finished on the upper end of the candle, but does that mean that it's ready to rally higher? If you think yes & before you go to the next chart, where is your entry and why? Long or short and when?

Now, take a look at this:

Are you of the same opinion as before? Do you see the same opportunity, long/short entry as before? Is it more clear to you or less clear?

The point here is to train the eye and the mind which trend lines help clarify or mystify depending on how you see and how you plot them.

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Happy Trading, Living and Dancing

Oh...look below for what I see.

Today's BlogPick - SSO

©DayTrading with Anni 2010

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