The Perfect Setup: COMP - Stopped out at break even

The fractal failed so it was time to bail. Would take that trade 10 out of 10 times. Wasn't around to capture the sell off but satisfied with no money lost when I was wrong.

Personal Setup

I am a full time trader and have been for 3 years using my own money. I don't see how anyone trades without using EW. How do you know when you are wrong? I'm only interested in taking entries when the set ups are perfect in price and time. I will trade any futures market as long as the EW pattern is clear. If I can see the trade from across the room and it's grabbing me by the throat, I'm interested. I'll leave all the fancy wave counting to those that want to prove how smart they are, and want to lose money. The main reason for the blog is because I'm tired of reading about how EW is useless, how you can't time the markets, Prechter is a idiot, on and on. I'll prove you wrong on this blog, or go broke trying. Yes, the market will either go up or down, we can't predict the future. But, if you use low risk entries you can stay in the game and make yourself a nice living.

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The Perfect Setup

Wednesday, February 23, 2011

COMP - Stopped out at break even

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