Wednesday, November 5, 2008


EY -29
took a countertrend trade and paid the price. mkt order at 61% fib and let it go to 100%fib, not a good trade.
Another trade that turned after I exitted, the stoch rolled over and it shot up allowing a near break even.
I need to wait and be patient.

BAH


EY-
short
-12
I stopped out 1pip from where it fell 40pips wtf?
My STOP was too tight... i should have put it 5-10pips above the recent swing high

NOTE how the EY responded to the 21ma on the 15min chart providing resistance as well as the lower part of the triangle on the 1hr.

EY



LATE ENTRY
-8

Took a short here in this area, mid to short term trend was down, it appeared to have broken some resistance in the 1hr and 15min time frames, I waited for a stochs cross, macd on the 1min unfortunately turned against me a few minutes prior, macd in the 2min was converging, both bad signs, but I had 1min stochs down giving me some play room, the stochs began crossing down, but price failed to move lower signalling bad news at which point I immediatelly tigtened up my stop. Price failed to go lower and 1min stochs began losing momentum, as 2min macd began crossing... at which point price spiked 30pips. I could see a reason to long from where I was, but the risk/reward was not good considering I woukld be counter trend trading against so much. My hunch was right and it only moved 25-30pips from the low...retunring to what was the 5 on the 15min.

ism trade

EY
long @ 128.17-
p1 129.65
p2 129.85 stopped out

50% +148
50% +168

Tuesday, November 4, 2008



EY encountering confluence, wm3, daily pp, 8ma on 15... didn't take it, but it was a decent short fell 40pips.

scalped into a spot





EY-


took a shot in the mid NY after seeing a 2min macd, lh.


50% +36


5% +235


45% +313



BEAST- this was pretty lame, i exitted on a 1min inside bar that appeared to fall then stalled... after that it took a 230pip move my way. Was a little early, should have been patient and used my indicators along with price action.

-31