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Friday, October 8, 2010

5 MIN Chart KEY BOUNCE AREAS!!!

there are many opps to take bounce trades.  There are a few that you would take a loss on with a tight 3-5 SL.  but that is part of the business.  If You take these Key bounce trades every single day you will be successful at trading.  Again the key is to keep taking the trades.  Just because you lose one does not mean you are going to the lose the next 8 trades, KEEP TRADING!!!   

Monday, October 4, 2010

5min chart..

i would have taken the counter trade first off the support to the left from earlier.  it goes against me but then come back.  i would exit with a 1-2 pips and then shorted into the downmove exited at the S1 and bought up to 87 again and shorted..