Monday, March 29, 2010

Tuesday - calm confidence in unpredictable

- Monday looked like a vacation day, after opening above VA but in the Friday's range, price moved higher & then rotated all day in a small range, establishing new value higher, condensed into 2.25 range. I expect this area to hold as S/R in tomorrow's session
- keep in mind that we are in an uptrend

- econ news: - 10:00 CB consumer confidence expected better than previous

- I did my levels & preparation, I'll analyze the O/N activity and readjust the levels after that, i can only hope for some volatility and some good trading opportunities (even with the holidays)
- note: we have a gap up unfilled (1163.75-1165.25) & NPOC=1162.50

I'll focus on flexibility & patience as I have a tendency to trade even if I don't have any setup; also I should try to not put so much pressure on me.

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