Caught Me By Surprise
By LawrenceToday I have to attend to some personal matters in the afternoon and the preparation work used most of my time last night and this morning.
What I missed was that I did not check my timing models where Emini S&P is due to go north today as the bearish one was about to exit this morning while one of the bullish models was going long at the same time. If I have done my normal routine of going through all the reports before I start my trading day, I would have handled it quite differently.
Luckily rigorous money management saved my a** as I had to wrap up and leave for the rest of the day. Just like what I said in my previous post on refactoring with checklist – they are there for a good reason.
While I was waiting in the hospital (long story – there will be another time to write about that) I have finally finished the first tutorial on using Weekly Cycle Projection. Many members have been asking for instructions and usage guides on the premium reports for a long time. I have been putting that off for so long I started to feel guilty about it. Sorry guys!
So here we go, I will write up several tutorials on how to utilize the tools, what I find most useful, and when to stop using them (just like any predictive trading tools, they have their weaknesses too).
