Blog Patrol Counter

Friday, March 12, 2010

#6-13


6-then occassionally everything lines up, trend down, got yellow/red to short. For me a perfect setup and the market does not care and screws you. I Shorted again in the direction of the bias held on looking for it to turn and bammmm it kept going, i averaged in at 50 looking for a bounce down, to get me out at 44. The trend was now up so i felt if the price got anywhere near 50 i would exit and buy. Exited -10 but i had added so call it -20. OUCH
7-bought +6
8-bought again +6
9-bought again +8
10-shorted off the yellow +8
11-bought again +9
12-shorted again -4
13-then bought off the 5min support at 74 nice +16

NY #1-5


1-after news took a quick buy off the push down, +3
2-then started buying in the direction of the move +5
3-same +4
4-+5
5-+6

Thursday, March 11, 2010

NY #1-7


1-I had a fib at 27 got yellow took the buy, exited +7
2-and shorted into the down move, went against me a little bit exited at 27 off the yellow +7
3-and bought again, exited +7
4-and shorted again into the move and exited at 27 again +7
5-and bought againt and exited +7
6-and shorted once more into the move, i went against me -7
7-went up to the recent highs at 49 where i shorted back into the direction of the move +6

I have to leave for the day not a bad quick session...

Wednesday, March 10, 2010

TRENDLINE FORMATIONS




You can see i drew them as the price reached a high and then started to form the flag formation many of us know of. So when the price breaks either above the top TL or below the bottom TL you look for a retest to that line and enter in the direction of the break of the line. Here the entry was to short. i did not trade this as London was closing but you get these EXACT setups every single week so just recognize them, draw a little trendline and wait for you entry. Also notice the price went directly to the 50sma yellow line. Hummm sounds like the cash register is ringing to me...

#19-24


19-i had a Fib at 56 i shorted broke higher -6
20-i let the price settle and looked for a pullback to buy into the move +4
21-same trade +4
22-same trade +4
23-london was going to close in 45min so i felt this might reverse some in here so i shorted from the top here +7
24-bought again but it was stalling so i just exited as london was going to close in a half hour and I do not like to trade then +0

#13-18


13- i bought again into the move +3
14-then shorted +3
15-i drew a little trend line for it to bounce off of to take shorts or close and go long so i shorted off of it +3
16-same +4
17-did the same broke up then came down and test the trendline I exited i should HAVE BOUGHT THERE BUT I DID NOT!!!! -1
18-yellow waited for 50 shorted +5

#9-12


9- again shorted off the yellow at 29 exited 26 +3
10-yellow at 36 i shorted went a little against me came back down got out BE +0
11- and i bought into the trend +3
12- shorted off the little spike up +2