Friday, February 5, 2010
5- support at 68 i entered there and garbbed a few off the yellow
6- saw the recent low was 47, why i did not wait i have NO IDEA got in 56 flew against me and came back i saw a few pips and took it. man oh man, let the fuck go the trade quick and re-enter
Thursday, February 4, 2010
1- yellow short it was rolling yellow pushed to 40 and i entered went a few against me then came down nice
2- bought as the price bounced off the 50sma, a little higher risk trade jumped up 3 real fast and i exited. nice little start to the session
3- yellow plus i had support on the 5min at 46, i jumped up i heard the audio alert and jumped in a short dropped fast and grabbed 3.
4-pushed down to the 50sma and played the quick bounce for 3
17,18- tried catching the bounces on the stall of price but it kept going, finall caught the bottom made back the loses.
19-a quick exit and short
20-took the short off the red but london was closing and did not give any pips closed with a lose, then i had shorted earlier from 71
21-priced went to it i shorted and rode it down to the spine of the rainbow. so mixed results on these last trades. waiting for my next opp..
Wednesday, February 3, 2010
3-i trade a few different accounts in one of them i took this buy and did not take my pips instead i held onto the trade believing the dow would open + and move the price back up and give me a nice payday, instead it continued down. I averaged in twice on this trade at 24 and then again 08 giving me a price of 1.3926, i saw BE once and did not take it. Finally it got to 20 and i exited minus 6 pips plus the averaging in. The lesson is no one is perfect and remember to take your lose and move one because as you see in this and my other accounts, i more then made up for the loss and then some. Keep trading and keep taking your setups and remember another bus and opportunity is coming.
The chart shows the entry but it happened over time so i coule not get all the trades on one chart. Instead i will post all the other trades that were taken.
Tuesday, February 2, 2010
here are the reversal setups to watch for on the 5 and 15min charts, red, indicive doji, yellow combo usually means the market will go in the direction of the last candle or UP. And yellow, indicive doji, red means down.
6- so on this last trade when it broke 50price, the support, i took a sell feeling strong that based on the 5min chart (yellow, doji, red) that this would reverse down for some pips.
4- 44 had been a nice bounce area then it broke it i jumped in at 37 and then it just tanked before i could react i was down 10+ i decided to hold it to see if i got a small push up to exit but instead it did what is has been doing all session and reverse back the other direction. escaped with a couple pips. Though session,
5- caught the bounce off the recent high for a few more again difficult trading,
1- saw the 50sma at 38, got yellow jumped in got a bad execution at 42 i held it as it went 10 against me, i felt the overall bias was up though, so i held, it finally got up to 42 made a little spike heard the yellow and exited, i should have shorted but just missed it. got out with 1.5