Friday, November 26, 2010

Todays trades

Top chart.
1hr positive close doji, reject of 85 level (15/85 trade down). 15 min positive close. 5 min hl, little no upper wick on entry candle.

Counter trend so out +20. Obviously a realistic target is 5750 but what the heck.

Bottom chart.
1hr positive close but large upper wick around Y's low. 15 min shooting star. 5 min lh little/no lower wick. Mrs V's its Freaky Fri I'm not playing with RN +20 bank indi went off. So out +20.

We are also going out in a little bit so 2 x +20 and we are pretty happy. No doubt at least we are going to 5685 and lower from there TWT.





Wednesday, November 24, 2010

EJ lower high trade

1hr neg close then a doji, 1hr lower high in bigger picture. 15 min shooting star. 5 min the smaller bounce from 111.25 is clear suggesting that level would fail. 5 min lh, shooting star little/no lower wick.

We had 2 small loss of contacts in the trade so exited +20 at RN.


Tuesday, November 23, 2010

Eur lower high trade

Nice lower high, shooting star, little/no lower wick, price moves 1 pip lower to confirm the trade. Target 3500 hit for +33.


Tuesday, November 16, 2010

Todays trades

The trading pre UK news 9.30 gmt did not offer good set ups for us. After the news the move up quickly struggled. A classic 15 min shooting star was followed up by a perfect 5 min lh. Price moved below the multi time frame ma (set to equal the 1 hr 8 lwma). We then had 2 perfect lh's.

As you'll see when you wait for the right set ups (in this case following the 1 hr and 15 min) these 5 min lh's had little/no lower wicks suggesting likely falls in direction of move down.

Price halted at the low of 12 Nov.

Friday, November 12, 2010

Ticking over

GU 15 min, showing that chart here but entry was from the next 1 min lh that followed the 15 min close.

Why this 15 min set up candle and not the others, well this one closed on the low of prev support with little/no lower wick. The 1 min lh that followed 15 min close, price stayed below the 50 level (another one of our favoured set ups) to confirm the sell even though at that stage the low of previous support hadn't been broken.

My target was originally the 85 level once 6015 area broken (the 15/85 trade) but when RN was giving some resistance Mrs V said out so we did.