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Friday, January 14, 2011

NY #1-8

Trend was up
1-took the buy off the green, did not take the 5 pips thinking it was going to test the highs again at 3400 But NOOOO, got yellow 10 away so i added with the trend. finally it came back and exited on the yellow +3.
2-yellow stretched a bit higher and I shorted off the consolidation +5
3-price consolidated around 75-80, it felt i wanted to get in a buy around as low as possible in this range so i bought at 76 +5
4-price came back down the 69-71 area where is was at previously so i took a buy there +5
5-priced pushed lower and started getting yellow right at the 50SMA on the 5min chart, BUY +5
6-shorted off the exit thinking it was going to push hard through the 50sma +10
7-took the buy off the exit got out of where the previous low was which now become the short term resistance at the spine +5
8-shorted again +3

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