Wednesday, March 24, 2010

Thursday - calm confidence in unpredictable

- consolidation, rotational day; managed to finish the day -2.50 points after being +2.50, nothing to say, my fault, expected too much from it, long bias all day, wasn't able to be flexible

- VA shifted to the upside, not by much but it did
- WPOC shifted up from 1161.00 to 1163.00
- closed right on POC

- market found strong S between 1163.00-1161.00 area (WPOC=1163.00), market is bullish as long as it stays above this area
- i'll keep same S/R levels, adjust them after Globex session

- econ news: - 8:30 unemployment claims expected slightly better
-10:00 Bernanke testifies

- i'm not gonna develop any plan, because every time i do, I end up on the wrong side of the trade, over-analyzing & over-thinking; I did my preparation, I have all the levels up, did my TA, I'll analyze the premarket & overnight session, focus, wait for the open, focus & trade

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