Thursday, September 29, 2011

DJI30 short

Trade from today. Before that I took 5 (!!!) wrong entry's and closed it with small losses. Good thing that I made some profit on the last one, big move down.

I wasn't sure about direction. The answer was on 1 minute chart, where price was below 200 sma and was strugling to breake above it.

first the view on m15:


Entry on m5, where macd turns negative!!
m5:


And how the entry was on m1:


The move ended on 200% extension and there was strong bounce back. I think that's because of 50% fib from higher timeframe, which was in the same place.

Euro trade from sept. 28

First the trade from yesterday on eurusd.

Spotted reversal on m15, entry was on m5, when price closed below white K and macd was negative.

m15:


m5: