09-20-10 Trades

No Trades. X & FDO did not trigger. No missed opps. Mkt keep running and too ext (tag fib)

Lessons Learned

1. Best when TB is +/- OR h/l (not inside = more risk)
   
2. 2nd bar = IB or cancel open order (note 2nd bar IB = enter bar, not just body)
   
3. +2 strong am r/a bars - need time to consolidate. wait for +2 bar p/back. Esp if offsetting upp/low tails
   
4. Chart pattern must be very obvious - and screaming buy! Not iffy
5. Sloppy = Roller coaster pattern, Avoid. P/back must be orderly and contained.
   
6. Watch 1/2 pt between 50% fib for stalling
7. Choice between Solid or iffy OR, chose solid
8. Analyze overall base for Wedges (hi hi lows)
9. Trade the NAz - watch for IB's
10. TB must be after a p/back, not extended run