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Wednesday, November 24, 2010

NY #1-12

1-5min trend had been up so price pulled back down got yellow saying OS so i bought, dropped a bit more but i felt this would still reverse back up to pay me so i added another position again with the trend direction +3
2-again yellow took the buy, went a few against me but i held, price got through the spine of the rainbow the white 156 wma, i exited +5
3-shorted off the exit into this semit downtrend and again went a couple against me then turned and dropped +5.
4-i waited to see where it was going next, stretche up and i entered a short into at the same location as earlier and exited the spine +4
5-priced dropped further on the stretched down and i bought bascially at the lows from a few minutes before, this also went against me but i held and exited at the spine again +3
6-went a bit higher and i shorted into the downtrend exited the spine +3
7-took the buy again off the recent lows and it spiked really fast up and exited(should have shorted off the exit)  +7
8-priced pushed lower took another buy and again price spiked up really fast, i exited +6
9-and shorted this time +4
10-price pushed a bit lower yellow(50sma 5min) i took another buy, this also went against me almost closed it then came back exited +1.5 just to get out.
11-yellow again took the buy looking for price to go back to the 50sma and get rejected then short into this down trend +4
12-shorted off the exit this also went against me but i felt the 50sma would hold this in check so i added a position plus this is at the end of my London/NY session  +4

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