Friday, June 4, 2010
5-saw the price about to test the lows again, got yellow, tried to time my entry off th bottom at 21 then it moved up, i heard the audio divergance alert that this could reverse up higher so i held looking for a yellow to exit right after the price pushed up once again vertically I exited +31 pips
6-and shorted +6
7-the trend is trying to reverse up but overall shorts seem in play still. on my 5min charts i was 66 area was a resistance area to short from +4
8-pushed higher same trade though +4
9-same trade again +4
10-the big one i should have held this, the bounce off the 50sma 5min +10, this dropped to 1.191 rrrrrrrrrrrr.
I am done for the week. Have a great weekend everyone. Let me know if I can help in any way...
Here are some of my trades from the day...
1-the trend is obviously down, i got a late start had yellow jumped in at 53 price pushed and spiked up higher i held and added a position (I do not recommend unless you have proper Money Management and a firm rule as to when to exit if it does not do your way) average price of 57. +13
2-price pushed up vertically, stalled and i jumped in another short +5
3-got yellow counter trade +10
4-again pushed higher back to the recent area i shorted from and i shorted again +5
Thursday, June 3, 2010
6-after testing the 32 area if broke it and I was waiting for price to stall, yesterday it happend at the 18 area so i remember that and when the price hit it i jumped in a buy at 20 as it was a fast move. +3
7-similar trade +4
8-same trade +4
9-i was 12 as a support area +3
10-price stalled i bought broke down further -4
11-priced stalled again i bought +5
Not a lot of time this morning but was able to squeeze off a few trades.
1-The first was a quick bounce off the daily pivot +3
2-same trade timed it a bit better +4
3-priced stretch up real fast and I jumped in a short in the direction of the move +9
4-and immediately bought as the EU likes to stretch one way retest the lows, stall and then reverse back the other direction for a few more +3 this was just a rythme trade and experience watching the EU
5-shorted off the yellow at 50 +4
Wednesday, June 2, 2010
15-priced reversed all the back down from 18 so i felt a test of 00 and a bounce there was a solid entry as the move back down did not have a lot of energy or speed. In otherwords there was not a big push so a soft touch off the 00 and up for a few seemed like a solid trade. IF it broke against me i would exit minus a few pips and move on to the next trade. +4
16-wanted to get one more trade for the session, took a shot at 00 again and got the same exit +4. Done for the day. Have a great afternoon/evening...
Tuesday, June 1, 2010
15-price peeked out at 1.2350 and i jumped in looking for a bounce there +14
16- started getting my reversal green which would be my normal HP set up and i missed a couple opps to jump in quick buys and sells, some would have worked and a couple would not. I looked to get in where i exited my the big buy trade at 13 area. +9
17-now we got the green/yellow took the buy on the small push past the 00 +5
12-i was now looking to buy into this up move i had the weekly pivot at 1.2326 i bought on this small pullback down at 1.2282 and it flew up, i should have held to the target but exited +30
13- took the short off the weekly pivot obviously i had yellow, did not exit thinking there would be a big rejection from this area instead it jumped higher my next resistance was at 37 so i held the original trade and added a position there so price was 31. Again my thought was this has moved soooo fast and high that i knew there had to be shorts waiting up in this area. exited +8
7-price pushed up hard i was looking for an entry around 52 which i got then i just held for 2 minutes and exited +7
8-same trade again off the yellow a bit higher though, but this is going up so looking for quick exit +3
9-similar trade i had resistance at 66 got in a short broke higher came back and pushed lower and because of the speed of the this move up i just exited -4
10-again i had rest. at 82 so i shorted there +3
11-price went veritcally up my daily pivot was at 91 i jumped in at 92 and it bounced off it quick +10
1-price has moved up from the londons low and seems to be moving up. With that said i got yellow at the 00 and took a bounce counter trade here exited at +7.
2-Then got the HP trade i love, the 5min trend is up got the reversal down to buy into the up move +5
3-yellow again shorted looking for a test of 00 for an exit +3
4-i had resistance at 22 on my charts got yellow jumped in another counter trade +6
Monday, May 31, 2010
6-got my hp setup, the 5min trend is down, then i waited for the price to pullback up targeting the 88 area as a place of resistance(as marked by the diamonds) to short back into the bigger down trend. I started getting yellow/red(white dot) saying overbought and a short is building so i jumped in. The price sat there for a like 3 minutes then it broke +6. Now i am getting into the last 1/2hr of london so i will finish my day with this trade.
3-i was wrong the market continued the down move, saw support around 82 got a price of 80, it went against me a few the diamond marked my sl. +4
4-now looking to short into the move, got in off the stepping down, under the tma, took the short, got +7 then it dove deeper, damn and i missed it.
5-took a buy off the support i had at 69, i was looking at the previous diamond to give me my exit, thinking price would push back up and test that recent low and that is where i exited.+5
Very Thin market today but will try and squeeze out a few quick trades.
1-market was coming back down at this time, i had my 50sma coming in at 05 so i took a trade there, +3
2-a bounce off the 00 +4
I was waiting for a bounce and yellow around the 90/88 area for a buy but as you see in the chart it made it to 92. Now seems to be going up. But again the market is thin and any rush of sellers/buyers could move this market fast and hard.