PA, S/R, ZL, EXTREMES & MOMO

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es/pip
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Postby es/pip » Thu Mar 24, 2011 10:05 am

will post some charts in a few

but i was short that gu m5 dbl top

then covered into the shoulder before the news, literally pressed the button, and whoooooosh 50 pips without me

lol

caught that bounce though out of the h1 demand

now short the m5 momo
Bend over and assume the position for another 4 years of hope and change.

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es/pip
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Postby es/pip » Thu Mar 24, 2011 10:14 am

flipped long m1 demand trying to zero out the news move

+ a few
Bend over and assume the position for another 4 years of hope and change.

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newscalper
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Postby newscalper » Thu Mar 24, 2011 10:22 am

Well. Here's todays first trade. +33 on cable. Risk was 24. I'm not sure whether I'm happy with the trade or angry with myself. I shall explain:

Cable daily chart. Good bearish close. We're going down. Wait for pullback to 50 fib area (unless it breaks out...I don't like it it when it breaks out because I'm waiting for a pullback)

Image

H4 analysis, last bar was momo down, wait for pullback (unless it breaks out)
Image

H1/H15 We see resistance above, support below, we wait to see which way it breaks. It breaks below with a good 15 min bar.
Image

Custom candle analysis, still looks down:
Image

5 minute still looks down. Rats are running both directions.
Image

The trade
Image

SO why am I annoyed at myself? Because the down momo didn't look like it was going to zero, so I took the break. It breaks then comes back to zero. Cr*p. So what should I do, cut for a small loss or try to get out at b/e, well as you can see it runs straight up to the supply. Then starts to come down. So I should get out at b/e or as near as I can, especially as there's that 5 min momo bar up that is going to send it back up right? I almost cut at -2 but then thought 'ahh' but on the 1 min chart it's trending down, making lower highs, I'll wait. News then comes out and there's big momo down so I take my +33. In hindsight should have been +50.

So overall happy it's a win, pi**ed off with myself for how I managed it.

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es/pip
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Postby es/pip » Thu Mar 24, 2011 10:30 am

out with a few on m1 stall dbl top

didnt short it though
Bend over and assume the position for another 4 years of hope and change.

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Postby es/pip » Thu Mar 24, 2011 10:47 am

didnt get back in

pffhhhh
Bend over and assume the position for another 4 years of hope and change.

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Postby es/pip » Thu Mar 24, 2011 10:54 am

short m5 dbl top

target lows or lower
Bend over and assume the position for another 4 years of hope and change.

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Postby es/pip » Thu Mar 24, 2011 10:56 am

flipped long r becomes s
Bend over and assume the position for another 4 years of hope and change.

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Postby es/pip » Thu Mar 24, 2011 10:59 am

long eu off demand m5 as well
Bend over and assume the position for another 4 years of hope and change.

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Postby es/pip » Thu Mar 24, 2011 11:00 am

out gu break down area

+12
Bend over and assume the position for another 4 years of hope and change.

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Postby es/pip » Thu Mar 24, 2011 11:01 am

on eu watching the 37 extreme

then next one on h1 at 61
Bend over and assume the position for another 4 years of hope and change.

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