2011年9月20日星期二

lesson

My recent failure is due to my trade is against the secondary trend and having no idea of minor trend.  Rhete's system reminds me that 60-minute chart with 10-day ma and 5-day ma is a good minor trend indicator.  And now I am realized that current secondary trend is up but not down, which can be spotted by drawing trend line in daily chart. 

These guys in Stockcharts comment only primary trend.  This is easy to spot and easy to be right.  They don't comment on secondary and minor trends, which are more important to trade success but are more difficult to spot.  Some of their comments are confusing or wrong.    As secondary trend is up, I realized now we should pay attention to long than short.

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