Tuesday, June 29, 2010

+4.5 , +3

sell off the level
buy in the chop as price continued up.

Monday, June 28, 2010

staying out of the waterfall..


This is an interesting chart from this AM..one where price moves pretty quickly through both the fib and pivot...
The little X on the 5min chart shows where this blows through the indies/potential setup.

Couple things with this setup that I see reason to stay out of...

a) price was consolidating and then made a move out of a recent 'box' after showing LH LL

b) time-pushing NY lunch hour.

there may be others reasons...I know others out there trade these bounces and quick reversals. Comments/thoughts welcome.

+2.5


Took this off the pivot...definitely had some room to let this go a bit further for more pips but didn't. The trend was with me on it as well.

+3.5


I took the sell when price came back up to the pivot....it wasn't turned around by that, but rather the fib...so I held out.

Friday, June 25, 2010

+1


entry at fib, was at -2 right off...pushed a bit further and hovered on CNX at my price with a lot of action. I jumped like a little girl when I got into profit.

+2.5


Got indi near 50sma on the 5min. Certainly could have squeezed out more. I didn't as the price stalled, and EU 15min was down, EJ 5 and 15min both down.

Thursday, June 24, 2010

+1.4


could have squeezed 2, if I had gotten out right.

I did not look to hold long as this Res line had been bounced around a bit, and last upward push failed.

+2.5


Momentum trade with the stall at the M3....more pips on that one as well, but it also appeared to be a good turnaround point for upward trend

+2.5


Got the indi right at the pivot...this was pretty classic.
Should have held..it was weekly pivot and price was really stretched from 156.

+3


Didn't get the indi, but jumped in on stall at the fib for quick sell.

-2.7


Last night....Took this on the stall at the 50sma...which wasn't as strong as the level below (not shown) where I got the indi...

Wednesday, June 23, 2010

+2.5



Got in on the pullback as market takes a little back after big move up.

-7.5



This one hurt a bit.
Took sell off the fib, which didn't hold.
Looking at this in hindsight..there was a good amount of momentum moving up.

+1.5


Took sell when I got indi above the 50sma on the 5min...this was too quick of an exit.

+4


This was off some previous resistance..
Should have known to hold a bit longer - The candlestick following the one that I entered on was saying that this was going to turnaround.

-6


Entry was good. Price ticked up much higher on my trading platform than on the Gain chart and hit the SL...

Tuesday, June 22, 2010

Tuesday, second +2.5


Took this off the M2 pivot..price went above, I got the indi and entered...and then price stalled..
I like to exit around the 156MA as that is so often a turning point...and the stall inched that up.
2.5

Tuesday, first trade +3


took a bounce off a resistance leveland the 21ema.
15 min trend is down on the EU and 5min and 15min on the EJ..so quick in and out.

Monday, June 21, 2010

+2


Took this off the S2 pivot and fib.

Spread was 1 when I entered and stretched to 2. The broker is eating up the elasticity potential, so I jump out with just two.

First trade of the blog...and for the week +3


Price down on the 5min and undecided on the 15min..

Got the gold indi and jumped in right above the fib where it seem to settle.