sell off the level
buy in the chop as price continued up.
Tuesday, June 29, 2010
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
+3.5
Friday, June 25, 2010
+1
+2.5
Thursday, June 24, 2010
+1.4
+2.5
+2.5
-2.7
Wednesday, June 23, 2010
-7.5
+4
-6
Tuesday, June 22, 2010
Tuesday, second +2.5
Tuesday, first trade +3
Monday, June 21, 2010
+2
First trade of the blog...and for the week +3
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