Wednesday, September 17, 2008

Patience, patience, patience and more patience...

Note the extreme volatility in the market today. A lot of the pairs that shot up are coming right back down. We have to have patience and let the market settle down so it can form the right setups we are waiting for. Just because the market moves doesn't mean there is a setup or that we should be trading it. Understanding what is going on behind is key to being able to read a chart correctly. Be extra patient during these times and let the trade come to you. We only need one good trade.

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