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Posted by on April 7, 2008, 10:16 pm
Those nice triangle set ups I noted in Coffee and Sugar were busted
today. Looks like they want to head higher for the time being. Crude
oil's surge continues to confound me. Fortunately, I learned a long
time ago to not try and forecast any market. Opinions can kill your
trading. Come up with a good strategy through research and testing,
and once you are comfortable with it, trade it and stick with it.
Nothing will work 100% of the time. Avoid developing an opinion on
direction, or you could miss some good trades that you would otherwise
take as indicated by whatever strategy you use. Let the pundits on
CNBC express their opinions. How often are they ever right?
Scott@kungfutrader.com
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