Traiding plan for 10-24-07

Today, Q gap up at 53.61 with full green bar to 53.70. With three higher-high pattern to 53.75, then goes to below the day's low. That is the pattern, I oberved and kept in mind. AH is 53.61, which is 1pct lower.

According to my trading plan, I entered a short postion at 53.58 and covered at 53.56. Today's intraday high is 54.21 and low is 53.34. The lesson of today is still the timing, althogh I got the trend right in my mind. I should follow the market and my mind more closely and do not rush to any position. But how? I observed the pattern of three up-higher waves and then will have a sharp-deep wave. I should short at the third wave and cover below the day's low.

The buy signal is the last full red bar with more than 1m volume

Tomorrow, will buy if it is below 53.34 and sell above 53.61.