Blog Patrol Counter

Monday, December 21, 2009

#9,10


9- got yellow to short back into the trend but it moved higher on the london close. so i took a loss.
10- yellow kept popping up so i knew this wanted to reverse back down. I was thinking 35 at the dp for a bounce down but the price stalled at 30 i jumped in with a few other traders and held this, some exited at 25 others 21 but i felt a test of the 10 area was coming. so i held exited at 12. I will call it a day...

#6,7,8


6- support had built at 10 i had a previous yellow i missed so i took a trade at 10 again and grabbed a few.
7- it broke down quick jumped in a buy got executed at 07 looking for 10 it broke against me and i exited.
8- got yellow at 00 i again got in another buy and rode it up, this trade went all the way to 30.

#5



5- the trend is down so i was looking for a pullback up and a stall in price to short, grabbed a few more here. You can see on the 5min chart where the price got into the trade zone here for the short setup. This is a HP trade!!!! Should have held it a bit longer to the test of 18 or so....

#4


4- trend is down now but got yellow to buy i tought a test of 21 would be a good target to exit it went against me again and again i held, looking for it to come back up and get me out BE. which i did. yellow is working sometimes you time it perfectly and other times it drifts against you. Now waiting for the next trade hopefully an up move to short...

#3


3- daily pivot at 37 got in at 37, went against me but i felt a bounce would come, so i held on then got the yellow to confirm to stay in my buy soon as i saw 39 i got out with 2.

#2


2- took the 50sma bounce though at first i missed the initial touch, then i got in, went against me but i felt in this slower market it might come back to me and when i saw a couple pips i exited quickly as it seemed to want to go down to the daily pivot

#1


1- yellow to short nice start to the day