Wednesday, June 23, 2010

Update

I have had no time to post in the last week and a half..as mentioned before, I help a friend of mine at his boat and jet-ski rental business, and as the weather has been so good the last 2 weeks here he has been super busy. Most weekdays consist of trading from about 9am-12.30pm then I immediately head down to the marina for 1pm..I hope to get back posting soon..

Friday, June 11, 2010

#2


#2: JUst after news and we are pushing down...i like to wait on the initial push then watch price action...it looks as tho we are coming up a bit for another push down..this is a textbook entry as this price pattern repeats numerous times, i just waited for price action to indicate the push lower was coming again, and i got in and out for some solid pips...wish every day was this straightforward..anyway thats it for this week as i have to head out...good weekend to all

#1


Have traded the last couple days but no time to post...here are my trades from today..gotta love when trades work out as planned

#1: just before news and i got in a short as i saw resistance forming on my chart...u can see price tried and failed around the 50 area 3 or 4 times..my stop loss would have been if price went thru this area and broke it, but it didnt and i held to grab the profit

Tuesday, June 8, 2010

#2


#2: A weird move up and i hopped in when the price stalled, this area was a previous high from earlier in the day and gave a few pips really fast..

#1


A lighter trading day, the Euro is in a tight range and not making any big moves down or up rite now..

#1: After this push up to give yellow, I took the step down under the tma for a few pips..same entry as always

Monday, June 7, 2010

#3


#3: moving down again and i picked the 38 area for a bounce as this was an area of previous bounces and also my daily pivot level..in off price action and out for a few pips..i had to call it a day after this trade..tougher day however still managed to finish slightly positive..back tomorrow

#2


#2: as usual, looking for a pullback to short into the move down..got the signal and in on the red/yellow...i had a couple pips profit but held onto the trade thinking we were surely going to get a push down...instead we turned and moved higher, i had to exit this trade as it broke past my entry..as mentioned there is no definite intraday trend here, pushes down are followed by bounces rite back up...tough to take a loss on one of my preferred setups but they happen, have to trust my setups and keep taking them..

#1


Been super busy the last few days...trading every day however no time to save and post screenshots..I will post whenever I have the chance tho..

Traded today with the Euro down at fresh lows..there was no real trend direction as it was very choppy, some instances looking like it wanted to drop but then turning and reversing upwards..
#1: traded a continuation of the downward push that was happening just after the u.s. stock markets opened..in and out for a few with the spine acting as resistance and the price action indicating we would move firther downwards for a few pips

Thursday, June 3, 2010

#4


#4: Wasn't looking to take any more trades as I was up on the session and had to head out in the afternoon to help out at my friend's boat rental business...saw this signal on the retracement and i grabbed it and held knowing the trend was down..good for a few more pips and I'm done..heading out to spend the afternoon in the sun

#2+3


#2: pushing further south and i am expecting a bounce below the whole number 2200...in and out off of price action (step above the tma) on this trade for a couple

#3: then again the same trade a bit lower, same entry criteria the step above the tma for a nice bounce up of a few pips

#1


#1: Waited for the news to pass at 9:15am Bermuda time...pushing lower and I had a fibonacci level and m2 at the 12/13 area..hopped in on the yellow for a bounce up

Wednesday, June 2, 2010

#3


#3: On the retrace now the trend is still down, so again looking for the red/yellow signal to hop in a short...indicator gave the signal and i waited till the whole number 1.2200 then entered a short looking for a few pips...grabbed 4.5 quick ones and that was the extent of my day, stuck around to follow things but nothing else jumped out at me and i was already in good profit so no need to chase mediocre trades..back at it tomorrow

#2


#2: My preferred setup is when we get a push and the price action retraces a bit to the spine (white line in the rainbow). Depending on price action I usually time an entry in the direction of the initial push, knowing that momentum is down and we could at least revisit the lows of the initial push, often more..as shown in this trade, we pushed down, then retraced..price never held above the spine on the retracement, so i hopped in looking for a test of the low again which i got..stress-free and some nice pips

#1


Posting my trades a bit later today as I was on the golf course right after trading..

#1: price below the 5min 50sma so I'm looking for a pullback to short (red and yellow signal)...got the red/yellow and in, waited a bit for a couple pips profit..

Tuesday, June 1, 2010

Tuesday

Crazy day of trading today with the euro hitting a new low in the european session only to soar and totally reverse during the u.s. session...I did not have time to save screenshots and post them as I had to run after trading today (I help a friend at his boat and jet-ski rental business)...back at it tomorrow