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..