#3

#3: and the euro is up even higher..not sure of a great place to look for a bounce..highs up around 50 area but i didnt think it would reach there and hopped in a short under the tma..price bounced around a bit but in the end, momentum took the euro higher and i exited the trade for a loss of a couple..no worries on to the next trade...this business is all about ur mentality and i know to cut the losers early bcoz trades are like buses..there is another one coming shortly haha

#2

#2: news has passed and dow jones has opened...we are moving higher and i see that the 05/06 area looks good for a bounce, plus some broker feeds have this as the daily pivot..in off the spike up and out for a couple..u may notice that sometimes, especially when the market is moving, i jump the gun and enter before the tma gives confirmation...at key areas it is better to get in early and catch a few more pips, bcoz many times if u want for tma cross etc, the bounce has already happened and momentum takes over leaving u stuck

#1

#1: back in action today...not much movement in the european session overnite, but looking at the 5min we had the low at around 64 area...i see price pushing down so im looking at this area for a bounce..in at the yellow and as it stalled and turned around..very fast trade i exited early there were some other traders i know who took this too and made even more(hey there nicko haha)...solid trade to start the day

#5

#5: sure enough we pushed all the way up and hit the 47 level identified earlier, i waited for price to stall and hoppedin rite around 50..there was another push up but i held thinking the retrace was definitely due to come...after a little drawdown, we started back down and i exited basically at break even as i had to go..ended up paying nicely but i will take b/e over a loss so im not complaining..

#4

#4: i had my 5min 50sma around 22, price spiked up and i entered on took a fast couple...we then started pushing back up so i am thinking higher for a bounce down..it's important to not take every level but only the key areas for bounce trades...although i had a fibo level at 26, i did not look for a bounce at this level bcoz at no time previously in the session had price reversed or bounced here, meaning this fibo was not as significant..the hp trade for a bounce is higher, around the 47 level which is also a previous reversal area from earlier in the session

#3

#3: we're under the 5min 50sma so looking short, and the dow has fallen off a bit...got yellow to short and in as we step down below tma...out for a couple

#1+2

Posting today's (Monday's) trades a bit late as I had to head out immediately following trading today...

#1: Price had moved up during the European session...there were some key areas where it had bounced and/or reversed from, and one of those key areas identified was around 1.4505, got yellow here and in for a couple

#2: price continued down and pushed underneath the 1.45 level, although we didn't get yellow, I waited and took a price action buy..reason for the trade was 1. we had moved down quite a bit and i was expecting some sort of retrace and 2. we were close to the dow opening and futures were up, meaning i was expecting pop at least initially when the stock market opened