Monday, July 26, 2010
#2
#2: Almost at the end of my session and we are now getting the momentum i like to trade...took this short off the highs of the day and grabbed a couple on the bounce down..done for the day as i am heading out for the afternoon
#1
slower market today to start the week...it only picked up towards the end of my trading session however i was heading out so only a couple trades today..
#1: intraday trend was up on the 5min chart, got the green/yellow on the throwing for the buy...in and it went against me for a few, probably should have waited till the 5min 50 which was just below..anyway held on and grabbed a pip or so
Friday, July 23, 2010
#8
#8: now we are retracing...this is the hp setup as i am waiting for the throwing to signal red/yellow meaning hop back in the short..it pushed up kind of sharply so i took my first half-position as we got under the tma, knowing that i would look to add my other half at the 'zone' (10ema on the 5min candlestick chart)..it got up to here to i added the other half..first was at 24 the other at 33 giving me an average of 28.5..then waited as price curled around and dropped off..exited at 21 for another 7 awesome day today up over 20 pips and that included a 10 pip loss..back in action next week
#6+7
#3,4+5
#3: moving down further and i had identified the next area for a bounce around 60 which was my daily pivot..twice before in the european session there had been a nice bounce at this area..price pushed down hard and i hopped in at 57 expecting a bounce..instead, it stalled and then tanked even further..obviously intraday trend had definitely shifted to south so i looked to exit this trade at a minimal loss...it kept down tho and showed no signs of bouncing up..once i had recognized that it was setting up for another push down, i exited this trade for a loss of 10 pips..sometimes they happen..
#4: got the price action setup and so after exiting the loss i opened a short looking for another push down..it danced around a bit and then bam! dropped off alot, i grabbed 13 on this (44 to 31) but it fell and gave alot more..sweet trade
#5: took a half position looking for a bounce as price stalled and then added as it got above the tma and bounced off the weekly pivot at 05..grabbed about 3
#1+2
#1: up and ready this morning...eu had risen in the european session after some news was released...it is moving a bit lower now tho so i picked out the 05 area as my 15min 50sma which is usually good for a bounce...i got the push to this area and hopped in the buy for a couple pips..
#2: after exiting my bounce trade I recognized the price action setup for a push in the direction of the momentum..sometimes these can give alot of pips however i only took a couple as the move looked like it had stalled
Thursday, July 22, 2010
Asian session
Decided I'm going to make the extra effort to post even though my time is limited these days..trading has been going decently, still taking the same setups..last couple days have been around in the Asian trading session so have taken some trades...this evening I took this one..after the initial push up I was expecting momentum to carry us up a bit again...had to hold through the drawdown as it went a bit against me but had a feeling we would fly back up and was rewarded for my patience..back in action in the morning we'll see what unfolds..
Thursday, July 1, 2010
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