Blog Patrol Counter

Wednesday, September 23, 2009

#17,18,19







#17, i had mentioned in the post 1 back that support was building at 52/55 area, price hit it, and gave the short entry.



#18 same exact trade again, I saw these two entries off the 15min charts which i will post. You can see the blue arrow on the 15min chart where the 50sma, and daily pivot both were intersecting creating a great support/resistance area.






#19 the market reversed and looked like a bounce buy was coming in around 28/30 area. This was created by the 50sma coming into play on the 5min chart.

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