A gap to fill

As hard as the Bulls have tried they just cannot fill the gap over 5465. Even with the rest of Asia up over 2 % there is just to many offers stuffing the run. Not to say it will not fill. If it can get into the 70s you would think we will get a bit of short covering but when? Everyone has seen it there and I'm sure there will be some fireworks to come. Bears have a lot to defend and probably the stronger under 5460.

Comments

[yon]

I've always been curious about how scalpers go over their trades. When you began testing out scalping strategies(chart patterns, bands, oscillators or whatever) did you take screen-shots of every trade and write a trade diary or do you use some sort of software which does all this automatically, as the task just seems impossible.

yon

[THT]

As always its been an evolution from the the printing out of charts and hand writing trades on them to now using software to plot my trades. I would keep every trade I made in two folders, a green folder for the winners and a red folder for the losers. I got to say that red folder has been one of the best learning aids I have yet come across. Nothing better than going over 100 trades and seeing a mistake repeated time and time again to bang home what you shouldn't be doing. Now as my frequency of trades has increased its not practical but I do plot my profitability per trade and use bad periods to identify problems.