1hr closed positive as did 15 min. Nice 5 min hl, little/no upper wick. Target originally 5570 (we have that as our days open) but for this time of day we are happy with anything around 20, we got +24.
Tuesday, January 11, 2011
One of todays trades
In between an illness in the family and the holiday break first post for some time.
1hr closed positive as did 15 min. Nice 5 min hl, little/no upper wick. Target originally 5570 (we have that as our days open) but for this time of day we are happy with anything around 20, we got +24.
1hr closed positive as did 15 min. Nice 5 min hl, little/no upper wick. Target originally 5570 (we have that as our days open) but for this time of day we are happy with anything around 20, we got +24.
Friday, December 3, 2010
Todays trades
Price supported at Y's US late session highs around 5610. 15 min doji, 5 min hl with little/no upper wicks. Price struggled at Wed's high 5648, gave some chance but with UK news coming and our internet connection playing up happy to exit with +20.
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.
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.
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.
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.
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.
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