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Tuesday, February 8, 2011

NY 5 Min Chart...

1-under the 50sma trend down, price pulls up looking to short +5
2-buy off the bounce of the Fib +4
3-shorted again into the downmove +5
4-again bought off the bounce of the Fib +3
5-priced pushed lower when it came back up felt the buy would be at the Fib, got caught here, did not realize there was news at 10amest.  priced kepts pushing figure i would ride it out and add at what i saw as the end of the push, added just past the 50sma exited +1
6-i waited for a direction priced again pushed higher i shorted off the Fib +6
7-bought into the up move price went to the 50sma, i added a position to my buy trade. +5
8-shorted off the pivot +3
9-shorted off the Fib +3
10-price went down i bought into the up trend +10
11-shorted off the Fib +3
12- priced pushed down again i entered a buy +9
13-shorted off the Fib +8
14-bought off the Fib +5.
    

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