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Thursday, January 27, 2011

NY 5 Min Chart...

1-trend is up pullback to buy, i took the trade off the R1 line, it went against me then eventually came back +7
2-i saw the previous pullback was NOT respecting the R1 line so i let the price pullback into the zone (space between the 10/21ema) +8
3-took the buy off the 50sma +3
4-took the bounce trade off the DM4 line +6
5-shorted into the down move +5
6-took the short again off the 50sma +2.5 
7-Bounce off the R1 +5
8-50sma trade +5.5
9-short off the M4 recent highs +5
10-bought off the R1 -1
11-took the buy off the 28 50sma went against me came back -1
12-shorted off the exit at 27 +8
13-bought  at 13 added at 07 off the further stretch, price stretched back up and exited +3
14-shorted off the M3 +2.5 should have held. oh well.
15-shorted again into this downmove off the same spot it stalled at 10 minutes before top +4
There were a few trades in there that were quick in and outs and 2 small loses that i could not mark as well.  But were minimum  and washed each other out. All done for this session..

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