Blog Patrol Counter

Monday, January 17, 2011

#7-12

7-yellow buy bottom of the range +3.5
8-pushe a bit higher shorted +2.5
9-yellow got in at 01, saw support at 09 on the 5m, i added, exited at 00 +4
10-bought off the exit +4
11-pushed back down took the buy off this support area at 89 +2.5
12-bought off the yellow bottom of the range again +4
13-again shorted off the support area in the middle, went a few against me +3

NY #1-6

We seem to be ranging because of the holiday...
1-getting yellow took the buy off the support on the 5m chart, obv went against me at about 9, knew it would turn some off the yellow, +2
2-i felt it pulled back up that much after falling so much that it would drop back down +7
3-saw support at 00 on the 5m, yellow, +5.5
4-bought off the exit +3
5-waited until it made a push one way or the other, yellow bottom of recent push down took the buy +4
6-pushed a bit higher felt it would turn back down for a few +3  

Friday, January 14, 2011

50sma bounce trade

Here is another classic 50sma trade that happened while i was giving a lesson to my cousin sitting next to me.

Price had fallen down to 31 and moved about 25 pips away from the 50sma. Then the price started moving right back towards it, we know from earlier that the price had found support at the 56 area, which is where the 50sma was intersecting plus i started getting YELLOW for ob, so SHORT!!!

#9-13

9-bought off the area to the right that i felt held support instead it dropped more i got YELLOW so i held and exited +1
10-and shorted off the spine into the down move, once again price started moving against me i had 63 as the top of my stop it broke it -10
11-got yellow took the short +7
12-and bought into what i now perceived as a small up move, this went against me but i held a bit. finally turned and came my way +3
13-got yellow bought at 50, should have waited to see if it tested the low at 47, oh well +4.  This is at the end of my trading slot 11:30am 1/2hr before london closes... 

NY #1-8

Trend was up
1-took the buy off the green, did not take the 5 pips thinking it was going to test the highs again at 3400 But NOOOO, got yellow 10 away so i added with the trend. finally it came back and exited on the yellow +3.
2-yellow stretched a bit higher and I shorted off the consolidation +5
3-price consolidated around 75-80, it felt i wanted to get in a buy around as low as possible in this range so i bought at 76 +5
4-price came back down the 69-71 area where is was at previously so i took a buy there +5
5-priced pushed lower and started getting yellow right at the 50SMA on the 5min chart, BUY +5
6-shorted off the exit thinking it was going to push hard through the 50sma +10
7-took the buy off the exit got out of where the previous low was which now become the short term resistance at the spine +5
8-shorted again +3

Thursday, January 13, 2011

#11

Though it was out of my TF, you can clearly see the resistance at 74 on the 1hr chart, so when this made its run up I was waiting to took the short for +12







#6-10

6-price was consolidating, i took a buy in the direction of the trend exited at 26 again +8
7-started getting yellow took the short off 50 exited the spine +6
8-took the buy off the spine  +8
9-took the buy again went against me added at the yellow exited +2, i was with the trend and within my rules
10-took the buy off the yellow +12