Friday, December 4, 2009
Thursday, December 3, 2009
pre asia 50sma yellow, i took the first trade but just look how powerful the 50sma can be at times. All those are rejection and bounces down for ++ pips. Everyone must keep the 50sma 5min in your toolbox!!!!
This is not rocket science easy simple trading, with built in stop loses, if the 5min candle closes above the 5osma and you are in a short close it. And visa versa.
#5 got the yellow bias is down, it slipped a little away from me but i felt this was an extremely HP setup so i gave it a little more space. HP because bias is down, priced pulled up to the 10/21ema on the 5min to short. Sometimes entries are not an exact science and you need to have a little patience