Blog Patrol Counter
Friday, May 21, 2010
Thursday, May 20, 2010
#8-13
NY #1-5
Wednesday, May 19, 2010
How I Read The TIC Chart!!!
How i read the price action of the rainbow, this is from todays NY afternoon session...
This is using NT, gain feed & tic chart.
I like to look at the rainbow like stairs so in this example
-the white dots show the price stepping down and stepping up stepping up
-the arrows indicate entries
-and the red diamonds would be the stop loss. so a break of the area where the red diamond is located and I would exit. I hope this helps someone a little bit.
#11-13
#8
#4-7
NY #1-3
Tuesday, May 18, 2010
#16-17
16 & 17- i could not resist leaving money sitting on the table so i waited as this was pushing down to the daily pivot at 43 on my 5m charts, i knew a bounce would come there and bam got yellow, the price sling shoted down to it i bought +4 fast. Many times i get asked why i like the contrarian trade instead of if i flel it is going to test the 43 then why not short into the down move and then exit and buy at 43. Well my issue is i just do not know for sure when it will test the 43 but i do KNOW that IF it does buyers are there waiting so to me that is a MUCH higher prob. trade. and as you see in the chart the price flew up 20 pips off the bounce. I got yellow and shorted +4 more. Hope this makes sense...
#14-16
#11-13
#7-10
NY #1-6
1-overall trend was up but rangy, so a tough read, i saw support at 08 took the buy exited +3
2-price dropped nice, right through the 00 so i jumped in at 96 again went a little against me then came back exited 00 +4
3-pushed a little higher but now the trend seems down so i took the short exited again 00 +4
4-pushed down hard right to the 50sma on the 15min chart, i bought there exited 91 +8
5-and sold it went against me -4
6-sold again off 00 +4
Monday, May 17, 2010
Asia #1-4
#11-14
11- the trend is down now so i took a nice short +5
12-this was my SURAJ trade, the break out plus i saw support from 3 hours previous the lows were around 26, so a short to test the past lows was pretty obvious trade +4
13-took the buy off the support +3
14-again the price has moved down i waited for it to pull back up get under the tma and took the short +7
This is half hour before the london close so i try and stay out...
again i took a bunch of trades today around 25 or so, in and outs, all positive pips so it was a solid session.
#5-10
5-market is now reversing down, i got green/yellow to buy but my head said this will go down further so I was looking for quick strikes +2
6-same trade +2
7-same trade +3
8-i had support at 69 took another buy at 65 and i felt it would swing back up, i missed the first exit. the trade got a bit dicey as we are in a down move so when it pushed higher i exited +8
9- then i shorted into the move +5
10-again i pushed down hard and stalled i jumped in thinking i would get 2 instead it jumped up and got +4
NY#1-4
1-at this time the trend is up but i got yellow and took a quick short +4
2-then i bought into the trend +4
3-i had resistance at 52 on my 5min chart, got yellow and shorted again +9
4-then market pushed up higher as the over trend at this time is UP, i did not take the buy because the news was coming out at 8am. So i waited for the news to pass and the price pushed higher exhausted itself and I took the short once it went under the TMA +5
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