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Thursday, March 4, 2010

NY #1-6


1- price was in a range, moved up broke the spine of the rainbow(white line) took a buy +3
2-yellow shorted once under the tma, thinking the trend was upward exited +4
3-took the buy went against me -6
4- I DO NOT RECOMMEND this style off trading but i will post it, i bought again at 57it continued to go against me, so i added a position at 50 (price 54 now) thinking a quick move up to get me out, which it did but i got greedy and did not exit on the spike and then short into the move down, instead i held it looking for a few more pips but it dropped more against me. Now i had a choice ride it out or add at the next price spike down. so i added at 39. Price now was 48, soon as it hit 51 i exited +3
5-and then shorted into the move +6
6-shorted again into the bias down +5

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