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Thursday, January 13, 2011

NY #1-5

Trend is UP so looking for pullbacks to buy and key bounces
1-got green yellow but waited to get in at 00 +7
2-same trade +7
3-got yellow had resistance at 17, took the short, it stalled briefly then kept going. So my mind set is on any small pull back i will exit -2
4-still yellow my next bounce target was 26, same thing went against me, came back, thought it was going drop to 17, then went back up so now I am looking to exit minimal damage -4
5-finally it DID come back to 17 where i bought and exited at 26 +8

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