Today was a real treat for me as I had a chance to watch the markets from 10:00 am until the close. This used to happen a lot in 2009 but not so much anymore. I loved it... At times I just made marks on the charts where I thought things would move along with thoughts about where the market might go.
I paper-traded with TNA looking to take advantage of consolidation breaks as well as paying special attention to S/R levels. Also, used the high likelihood of markets to close gaps in my early evaluation of the markets; something I've paid closer attention to since discovering http://www.coiledmarkets.com/ .
Also, I have found that Adam's blog at SMB Trading ( http://www.smbtraining.com/ ) has been very helpful in understanding technical analysis as it is put in practice. More specifically, this post was interesting and I saved it to my favorites list:
http://www.smbtraining.com/blog/one-of-my-favorite-playsAnd of course, no day is complete without reviewing Scott Farnham's many posts at http://bankrobbertrades.blogspot.com/ .
On days like today, it feels to me like the shades are parting and the light is beginning to shine in. I have faith that it will continue, with the proper effort and attention. When, I don't know? But it will. Without faith, we have nothing.
