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Friday, October 30, 2009

POWER OF THE YELLOW


Again for those who still do not get it, take a look at this chart. it is similar to most of the trades I take. I did NOT take these trades as it was late friday session but it does not matter. Keep your s/l reasonable and make a bunch of money. The key as i have shared with so many is a couple of things. First learn to cut your loses when you feel it is going against you because FOR SURE there is anothe setup coming and KEEP TAKING THE TRADES, do not stop trading just because you took a small loss!!!! YOU WILL WIN IT BACK QUICKLY!!!

#4,5


#4 thought the 50 area was a good short, trend was still down, but london closing, it broke against me i took a loss

#5 same trade off the yellow price got under the tma and i shorted..

#2,3


#2 yellow buy counter trend felt the move was exhausted grab some pips

#3 same trades as above

#1


did a few trades earlier but here are the latest yellow shorted, the trend is down so i gave the s/l a little more space as i felt this was going to drop down and got a nice run...

Thursday, October 29, 2009

#4&5


4&5 same trades as usual, nothing new or different, following the yellow, let the price get under the tma enter the trade the s/l would be a break above or below the previous highs. Here the price found a range, just be patient, it will come...

#3


#3 price pushed up and stalled, we had yellow to short, 50 was my target

#1 & 2


#1 buy bias so i am looking for pullbacks to buy got this one, and up she went...

#2 entered off the spike up previous high, and grab some on the way down...