Thursday, March 5, 2009

Thursday trade - QQQQ


After my HNT trade this morning not following the market, I opted to trade the Qs this afternoon. I traded what looked like a perfect inverse H&S pattern that turned out to be a headfake. I don't usually trade these so if somebody can critique any problems with the pattern, I'm open to input. Looking back I shouldn't have been expecting much buying before tomorrow's jobs report, but I try to trust these technical patterns.

Setup: 70

No comments: