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Friday, February 4, 2011

NY 5 Min Chart...

1-trend was down took the buy off the Fib bounce  +5
2-then shorted into the downmove, my entry was based off the bottom of the BODY of the previous candle +6
3-price pushed down more took the buy off the S1 +8
4-shorted into downmove +5
5-same except this started moving slowly up, my clock was running in my head thought it could reverse up got out -1.  THEN it dropped.  Frustrating 
6-again bought off the S1 +8 again
7-shorted into the downmove +7
8-bought off the S1 +9
9-getting near the london close waited for price to push, it went againt me then it pushed down +2.5
10-waited for the 50sma bounce, was looking for a stretch, it did not happen and i did not take the trade.  Also out of my TF.
11-when it came up to test it again, though out of my TF i took the short +5

Thursday, February 3, 2011

NY 5min trades...

Let me know if anyone has any questions.  Trend is down shorting on pullbacks, taking key s&r areas for the counter bounce trades...

Wednesday, February 2, 2011

NY 5min trades...

1-my first trade was the bounce of the 50sma +4
2-same exact trade +3 thought i was going higher
3-took the bounce off the fib as earlier it held support +4
*-I actually bought off the 50sma though it did not mark the chart +8
4-i waited until i felt the push was over and price had stretched, shorted +5
5-then i bought into what i clearly saw as the upmove, went against me, added at the fib, still went against me, i added at the 50sma.  Each one of these add ins at the bounce produced pips but not enought to get me out. when it finally broke against a recent low i exited -16.  OUCH  it happens.  when i bought initally 1.3821 it went like 6 against me then came back to BE i should have exited and waited.  then i could have bought off the bounce of the fib for 2-3, and the 50sma for 2-3 and then off the bottom pivot for 2-3 more.  instead i did not manage the trade properly.

Tuesday, February 1, 2011

NY 5 Min Chart...

1-right after news trend was down pulled up, i shorted +6
2-bought off the m3 +7
3-then shorted again seemed to stall +3 then i waited for a move
4-show the 50sma but i was close to it so i wanted a yellow on my NT indicator and a stretch of price, i got it shorted 53 +5
5-then i waited on a direction, went up, waited for a stretch of price and yellow again based on the highs of the previous 5m candles to the left i saw 73 was the spot so i shorted there +9
6-bought now into the upmove +8
7-pushed higher shorted off the R1 +7
8-bought again into the upmove should have held this trade STUPID!!!  +12
9-off the stretch i shorted +3
10-bought again into the upmove +4
11-shorted off the stretch and the Fib +7
12-last trade right at 11:30 got yellow and the R1 +4