Dec 28th, 2010
This is a follow up video from yesterday. We had a outlook and that outlook is what happened today. This is the value of knowing how to get the outlook and we do a video each night to our members with our outlook and we break that down into specifics.
Knowing the after patterns complete the market goes into a transition period before the next pattern occurs is very valuable and most traders are over trading the transition period. These are the thoughts of "I hope it continues higher" or " It has came up so far it HAS to come back down".
In reality those are just thoughts to something bigger than your thoughts which are the patterns. It is one thing to think something it is another to place a bet on it. If you feel like you are hoping more than trading it is best to slow down and learn more before taking the next trade with real money.
Happy Trading,
www.eMiniSchool.com
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