Friday, November 27, 2009
yesteray was crazy with the dubia situation and the yen etc. I took a bunch of trades with the trend and a few bounces off key areas. They were based on PA and too much to post. Today might be more of the same. very thin market and could move around alot. So i have decreased my lot size and looking for the most HP setups i can spot.
1- got yellow to short, seems the price is staying around the 4900 area so a short was not a bad play, broke a little against me but the bias i believe is down, so i gave it a little space.
Thursday, November 26, 2009
1- got yellow shorted the previous low was 52 i should have waited, but i got inpatient. I still held this trade as i wanted to see if it broke and held or bounce off the 52 area, it bounce and i was fortunate to get a couple of pips.
2- Once the price stalled up top the trend is obviously down so i was looking to short
Wednesday, November 25, 2009
1- yellow to short, should have held this a few seconds more but it moved against me and i exited instead thinking the trend is UP so buys are in, it recently test 1.5095 10 pips away, i would rather try and catch the reversal up there so i lost 4 only to watch it tank 10 pips from my entry, but
2- i entered a buy once the price got into the zone(price gets between the 10 & 21ema) on the 5min chart. I have marked the chart with Xs to show when the EU gets into a trend it likes to pull back to the zone, The super HP trade is when you get the yellow reversal or green to buy in this case. Which happened on the earlier X's.
Tuesday, November 24, 2009
8- on the 5min chart you see the daily pivot at 40 which if you look to the candles to the left there is major support there. Plus you have a 50% FIB at 33 so i was not sure where the bounce would be, so i took a buy at 40 then it drifted down to 33 and i entered again a second position or averaged in which a rarely do now. And made some pips...
#7 got yellow and green to buy, i held this longer then i'd like but i wanted to see if the 50 price held and gave me a bounce to get me BE or with a pip or so. and that is what happened. Yes it could have just kept going. now my next entry is around 40 for a bounce. Lets see...
Monday, November 23, 2009
6-trying to catch the move and the eu has been slooowwww all NY session, missed it
7- yellow tried to catch the bounce
8- finally caught it and made back the pips, the price stalled so i exited there. It happens sometimes but you have to keep taking the setup at key areas. Looking at my 5min charts i should have waited until it tested the lows from earlier.