1- bounce trade, win 4
2- same trade lost 5
Wednesday, February 3, 2010
Tuesday, February 2, 2010
#7 & 8
7-trend is still up price pulled back down gave the nice GREEN to BUY and 12 pips later I am a happy boy!!!
8-it shot up to the Weekly pivot at 74 i jumped in at 73 exited 71 grabbed couple quick ones
#6 Reversal setups again
here are the reversal setups to watch for on the 5 and 15min charts, red, indicive doji, yellow combo usually means the market will go in the direction of the last candle or UP. And yellow, indicive doji, red means down.
6- so on this last trade when it broke 50price, the support, i took a sell feeling strong that based on the 5min chart (yellow, doji, red) that this would reverse down for some pips.
#4,5
4- 44 had been a nice bounce area then it broke it i jumped in at 37 and then it just tanked before i could react i was down 10+ i decided to hold it to see if i got a small push up to exit but instead it did what is has been doing all session and reverse back the other direction. escaped with a couple pips. Though session,
5- caught the bounce off the recent high for a few more again difficult trading,
#2 & 3
2- yellow buy, SHOULD HAVE HELD, grabbed a few
3- yellow short off the 50 price, went against me but i held for a few pips and exited. No consistancy to the markte yet again another bouncy day. But i feel the bias is up
NY #1
1- saw the 50sma at 38, got yellow jumped in got a bad execution at 42 i held it as it went 10 against me, i felt the overall bias was up though, so i held, it finally got up to 42 made a little spike heard the yellow and exited, i should have shorted but just missed it. got out with 1.5
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