Blog Patrol Counter

Wednesday, March 3, 2010

NY #1


1- price made a push to its highs at 64, i had my finger on the trigger and shorted, in and out quick +4

Tuesday, March 2, 2010

The 5min Candle Reverse Setup


i have posted this before, i look for the big doji or indicive candle marked by the arrow. Then i see if the candle before the doji a is bear candle and that the candle after is a bull candle, that gives me a good idea the market is now going to be bull for some pips. It happened twice in todays session. Price pushed down but could not sustain the move down creating the doji and reversing the market back up. Hope this helps in recognizing candle patterns that happen a few times a week in NY. Just another tool for your box...

#10-18


10-market flew up took a couple buys on the move up a buy off the pivot again and damn got me again -3
11-same trade +3
12-shorted +4
13-price continued to drop again looking for it to pull back up to short into the move and exited on the yellow +17
14-and bought on the yellow exit +3
15-shorted again broke against me -5
16-saw the market might reverse back up i let the price pulldown and bought at 42 exited 50 +8
17-yellow short +2
18-price stalled had yellow +3

#8,9


8-price dropped down waited for a pullback to short it +18
9-same trade, thought it would drop more and missed the exit, it went against me 8 pips but i felt it was going to make a push down, finally it came +7

#6,7


6-took the buy off the pivot at 59 exit -4
7-price stalled took the buy thinking it would go back and test the 59 area which is the daily pivot. WRONG -4

NY #1-5


1-felt the bias was up, price pullled down i bought and it went way against me, i should have closed this when it broke away but i held it started getting green to buy so i held to see if i could get out BE, it finally spiked exited +1. Horrible trading on my part got lucky.
2-i shorted on the spike as i felt that was a solid push up and had to fall back some off of the push up +3
3-moved back up i shorted again +3
4-i saw it had moved up the last two pullbacks so i took the buy and then it broke against me bastard, i waited for it to pull up some off the drop and exit -7
5-and get into a short +7

Monday, March 1, 2010

Asia #1-5


1- price broke down thought I would catch the bounce at 39 went to the fib i have at 33 then back up then broke against me again -6
2- took the buy again +3
3-shorted into the move down +5
4-shorted again into the bias +5
5-should have shorted again into the move but I took the buy at 23 out 25 +2