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Monday, November 22, 2010

#33 & 33

32-market is thinner now and the spread a bit bigger so i decreased my lots size in half. But earlier 21&26 was an area where price had found support, when price stretched to 21 i jumped in a short saw a pip profit then it jumped up to 26, I decided to hold it and see if it came back some exited +2
33-took the buy off the exit feeling we are going back up only to watch this trade go against me as well, knew 08 was a solid support area from earlier so i added there then finally after bouncing around i exited at the same entry point as earlier +3





#27-31

27-i had support at 83 on my 5min charts took the buy +3.5
28-same trade but held it a bit longer as one of my indicators told me some divergence was forming +7
29-priced moved up a bit more and shorted into the down move a quick +3.
30-same trade as #27 +3.5
31-jumped in a buy I should have waited for yellow +3
I should be done for a little bit.  Fighting the flu...    

#22-26

22-london closed, dow started rolling more negative took the buy again at 00 +2
23-was getting yellow, at this point I was not sure where to enter but thought 89/90 was a good spot got in at 90, went a bit a against me exited at the spine +3.5
24-shorted at the spine into the down move again went a bit against me and exited at my earlier entry spot +3.5
25-then it broke down hard i had 79 as the resistance on the 5min chart got yellow so i bought there +9
26-shorted again at 90 +2 

#14-21

14-i had support on the 5min at 06 priced stretched to it got yellow and took a quick +2
15-same trade, yellow, except i targeted the 00 as entry +3.5
16-shorted off the spine and my resistance area at 06 into the downtrend exited at 00 +6
17-priced stretched again, yellow, bought +7 
18-started getting red for reversal, also getting close to the london close so i waited for a little better entry +7
19-bought off the exit +3
20-pushed lower got yellow past my time to trade but took a quick buy +3
21-price reversed back up but earlier the 21 area had shown support got yellow and could not resistance a quick short into the downtrend for +4 

#5-13

5-dow started rolling down neg from -35 then went to -60 and price started dropping again, i got yellow but waited and took the buy off the previous support at 32, again it went against me then came back i exited BE and
6-shorted into the downmove as the support at 32 became the resistance +4
7-shorted off the spine +4
8-price stretched took a buy exited the spine +5
9-shorted off the spine again exited at the earlier entry +5
10-thought the price might try and move back up to my entry place on trade #8 which now is the resistance area at 25 so i shorted there into the downmove took another +5
11-price stretched again to my earlier entry spot at 14 took the buy and exited at my previous spot on trade #10 +5
12-shorted again into the downmove off the spine and took +5
13-price stretched down to the lows of earlier and i took a quick buy +2

NY #1-4

1-Trend is down, red, short +6
2-yellow bought off the resisatance i saw on the 5min chart +3.5
3-small penetration of the spine and shorted into the downtrend, it got away from me but i was with the trend so i held it exited +1.5
4-again shorted into the down trend off the support that was created earlier, the dow at this time had been -55 then went -35 and price started moving back up, I had resistance at 59 so i added a position there,my BE price was 50 exited +3  

Thursday, November 11, 2010

5Min chart, reading the chart, bounces and entries...

the checks mark various entries. some produce good pips others just a few and a couple go against you a little.   This is just another example of another session.