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Friday, March 19, 2010

Reversal pattern again


I have posted this setup a few times before and i will continue to show it.
you have the bear candle down the you get the indi candle green with the wick of the candle pointed down showing the price has become exhausted then you get the bull candle up, and then the market reverses up for some pips. Again just another setup to keep your eye out for if you watch the 5min charts...

#10-12


10- 08 was my 50%fib so i bought looking for the bounce and i had yellow +4
11-felt the price would push up to the zone on the 5min chart around 14/15, so i shorted into the downtrend again +5
12-then i waited for the next opp. got red and yellow so i shorted again into the bias +5
and calling it a week. Everyone enjoy your weekend have a blast be safe...

#7-9


7-red again shorted into the downtrend +9,
8-i have the 50%Fib at 08 so when it bounced off of 08 i entered +5
9-same trade a test of 08 i bought +5

NY #1-6


1-the previous low was 25 priced pushed down to it again and I bough looking for the bounce, it went a little against me but came back and paid +6
2-shorted into the trend and closed it at the recent low +12
3-and bought again as the price had stretched +5
4-and shorted again into the bias, priced stretched down again and i felt it would snap back up, got above the tma and I bought and closed again at the same place i shorted from +9
5-shorted again, priced stalled with the alligator teeth +3
6-then came back up, thought it might go to 33 area but it gave red to short so i shorted +9

Wednesday, March 17, 2010

#10,11


10-yellow red, short +4
11-same trade took it off the 50sma at 52 +6

#5-9


5-off the yellow counter trade +2
6-same trade again slipped against me test 27 came up to 34 i exited +1
7-and shorted into the move but it went against me bastard -4
8-price pulled onto the zone on the 5min chart and I shorted into the bias again +13
9-and bought +4

#2,3,4


2- buy yellow -3
3- i then saw the recent lows were around 37, priced moved down still was getting yellow, then got above the tma, i bought, again went a little against me to test the lows +6
4-then on the exit i shorted into the bias this also went a little against me +3