7% increase on initial capital(1300 dollar) http://img63.imageshack.us/img63/8779/day1y.jpg
Strategy: only market psychology, where i mentally calculate probabilities.
For instance, my thinking could go like this: trend down, waiting for retrace, and when it hits recent high, sellers will go in, because the overall market view is bearish. The market is about to go down, people are looking for a way down from this consolidation, because the recent rally due to the fundamental data, is too much, the market is looking at 44 for slight correction.
probabilities: overall trend is going down. recent high=sellers will step in. Buyers wont buy too much since trend is down, and market is consolidating so where is nothing supporting a further rally.
Strategy: only market psychology, where i mentally calculate probabilities.
For instance, my thinking could go like this: trend down, waiting for retrace, and when it hits recent high, sellers will go in, because the overall market view is bearish. The market is about to go down, people are looking for a way down from this consolidation, because the recent rally due to the fundamental data, is too much, the market is looking at 44 for slight correction.
probabilities: overall trend is going down. recent high=sellers will step in. Buyers wont buy too much since trend is down, and market is consolidating so where is nothing supporting a further rally.
