Tuesday, December 22, 2009
8-a test of 64 again, i did not take the yellow on the spike down because the bias is down and this could easily break hard down, i would rather take the pullbacks to short
9-so once it pulled back up i had shorted earlier at 80 price under the tma i entered. 74 seemed like a good exit, went past it thought it might break down lower but stalled so i took the pips.
6- bias was down i took the short went against me i exited
7- same as above but the price got into the zone on the 5min on the pullback, i got in late at 80 but i remember from asia session last night the rest. area was two places, 74 and 64. so those are key areas for me right now until this changes.
Monday, December 21, 2009
11- on the 5min i saw a ton of support here so when it spiked to it i jumped in fast and when i saw 2.5 pips i exited.
12- then i waited for a little pullback, felt might get a bounce at 00 so i shorted there in the direction of the move and grabbed a couple more for the day. Now i am finished...
9- got yellow to short back into the trend but it moved higher on the london close. so i took a loss.
10- yellow kept popping up so i knew this wanted to reverse back down. I was thinking 35 at the dp for a bounce down but the price stalled at 30 i jumped in with a few other traders and held this, some exited at 25 others 21 but i felt a test of the 10 area was coming. so i held exited at 12. I will call it a day...
6- support had built at 10 i had a previous yellow i missed so i took a trade at 10 again and grabbed a few.
7- it broke down quick jumped in a buy got executed at 07 looking for 10 it broke against me and i exited.
8- got yellow at 00 i again got in another buy and rode it up, this trade went all the way to 30.
5- the trend is down so i was looking for a pullback up and a stall in price to short, grabbed a few more here. You can see on the 5min chart where the price got into the trade zone here for the short setup. This is a HP trade!!!! Should have held it a bit longer to the test of 18 or so....
4- trend is down now but got yellow to buy i tought a test of 21 would be a good target to exit it went against me again and again i held, looking for it to come back up and get me out BE. which i did. yellow is working sometimes you time it perfectly and other times it drifts against you. Now waiting for the next trade hopefully an up move to short...
2- took the 50sma bounce though at first i missed the initial touch, then i got in, went against me but i felt in this slower market it might come back to me and when i saw a couple pips i exited quickly as it seemed to want to go down to the daily pivot