Friday, July 23, 2010

#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

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