The other day, I wrote about Warren Buffett being the 3rd richest man on the planet... I stand corrected, he is now the most richest man on the planet with a net worth of $62 billion.. he made $10 billion last year!! To read more, go here http://www.forbes.com/home/lists/2008/03/05/richest-people-billionaires-billionaires08-cx_lk_0305billie_land.html
Yep, no trading today.. I went out for dinner this evening and took a break from it. I've come back to see what happened today. From the charts, it was a slow and gradual drift downwards. The next area of support is 130000 and if it breaks this, we could see a very quick fall to 125000 or so.
I was thinking of how I could filter my trade choices so that I can eliminate the crappy ones and only get in when I should be and not for the sake of it. Anyway, as you know, I like to enter reading stochastics and anticipating when they turn. I've not used the 1 min stochastics enough though and the price action does respond at the tops and bottoms. The plan was to see what the 5 min stochastics was doing and then time an entry in the 1 minute. For example, my first trade, you can see th
