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Monday, February 7, 2011

NY 5MIN Chart...

1-based on the big red candle down and through the 50sma i felt the trend was now down.  Looking for pullbacks to short, the Fib at 1.3546 was the spot to enter 2-took the bounce buy off the S1green line went a few against me, when it came back up i exited at.
3-shorted off the S1 into the downmove
4-took the buy off the bounce of the S1white, again this went a few against me but came back my target was a test of the green S1, when it got close it exited
5-previously the price had tested the Fib at 1.3511, so when the price stretched to it i bought  again this went against me but slowly came back
6-shorted off the S1white
7&8-i was off the computer but i would have taken the short at the S1 green then i would have added at the 50sma bounce.  Again i did not take these trades but I would have.
9-price pushed up strong, pulled back and i bought, it pulled further back and i added into what i perceived as the start of an uptrend(above the 50sma) exited +5
10-shorted off the M2 got in early went a few against me +6
11-bought into the uptrend off the Fib at 1.3542 +5
12-shorted off the M2 +3
13-price stretched up, i entered off what i thought the price would stop (the check marks) again it went against me then came down +3 end of the session and a bit past my normal trading time.
**I took a small lose in here but i do not remember exactly where like -3
  
 

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