As we close out the year, just a little sappy motivation...

"When nothing seems to help, I go look at a stonecutter hammering away at his rock perhaps a hundred times without as much as a crack showing in it. Yet at the hundred and first blow it will split in two, and I know it was not that blow that did it, but all that had gone before." 
Keep taking your trades and your setups!
See you next year...

NY #1-14

I was able to get some trades today, then the volume left the market.  I want to wish all of you a very fun filled Christmas weekend.  See you next week!

NY #1

I got only ONE trade today because of a doctors appointment.  But I received a few emails and questions on HOW would have traded todays big move up only to see the price fall back down.  So i have posted a chart as to how i probably would have traded it based on the 5min chart.  I DID NOT take the trades on the 5min chart, this is ONLY an observation.     

NY #1-23

When the price breaks out or down it really dropped, but after if found its bottom at .0326 the pullbacks were very high, so i got caught a couple of times.  Again not perfect trading but I managed my funds and did ok.

NY #1-8

NY #1-14

Caught some good moves earlier, then market went back to the range where the Gann cross was only giving small pip profits.

NY #1-14

Candle setups on 15 tic chart...

I was showing a friend of mine what to look for on the candle charts 15tic, 1min, 5min etc.  Thought I would share it with other traders...

NY #1-13

NY #1-17

The session was slow, we started finally getting some movement so i started trading.  I added this top chart, these were the last trades.  charts a bit out of order.    

The Bigger outlook for the EU...

You can clearly see we have broken the trendline with todays move.  Prior to this, two weeks ago, you can see price came down to the TL, got rejected and bounced up.  Then it finally continued on its journey.  I suspect price will try to retrace back towards the TL and then continue on its downward journey.  The RED lines clearly show where support is located.  These will be KEY bounce areas where price will get rejected and an excellent opportunity thru the holidays to make easy pips.  In the mean time we will continue to scalp what we see and make great pips. 

FOMC trades...

This was great, just a super day trading, nice job moves, good pullbacks and then straight drops...

NY #1-5

i did not get to trade for a very long time but i caught the market when it was moving down and rode it.  Not each entry was perfect, but they all worked out great.  Had one add in. 

NY #1-8

Another solid Monday session, trend down, grabbed some nice pips, gann either got me in trades or held me in trades.  I have an appt. so knocking off early.

NY #1-15

NY #1

i got a late start to the session.  But what a lousy slow mkt.  I missed some trades, i entered this trade, thinking a quick 4-5 pips, but NOOO. it was like being in the dentist chairs.  I should have closed for a small loss and bought into the small upmove and shorted off the better previous highs.  Oh well, nothing is perfect. 

NY #1-6

Just a shit session with light volume.  managed some pips but overall weak.  did not want to risk any more money in poor condidtions.

NY #1-20

Got an early start, took some range trades, then caught a nice jump up in the direction of the 5min bias.  All winners today, no loses no add ins.  Fairly stress free trading.

I will be on a small business trip. Back next monday...

NY #1-10

Got off to a late starte trading, price was ranging, not the smoothest session for me.  but managed some pips.

Identifying trend change...

I get asked this question alot, this is how i managed the trend today, arrows mark some of the entries...

NY #1-17

Had a solid day, no loses, only one add in when the trend changed directions.  Lately the EU has not necessarily been following the NY and dow average as it has for the past 3 years.  That is why we watch and learn price action and follow it.

Happy Thanksgiving Everyone. NY #1

Took only one trade today as the vol. was lite.

NY #1-15

NY #1-15

NY #1-8

Price was a bit rangy with a slight bias to the up side.  so I was looking for key bounce counter trades and buys even though the dow was slightly negative.

NY #1-9

Was ranging earlier, got caught in a price reversal, manage to escape it and get in direction of trend.  Good trading Ryoli, excellent job.