Covering on the way down was at the logical VA and extremes. Still a little short as I write. I'll probably run out of bullets before the down move is over.
Wednesday, 22 August 2012
No Brainer Today
Today's trade was a no brainer. There were a lot of longs caught in Europe and they had to head for the exits this morning. All I had to do was sell the VAL around 7066.0 This area coincided with resistance at the 33EMA on my bar chart.
Covering on the way down was at the logical VA and extremes. Still a little short as I write. I'll probably run out of bullets before the down move is over.
Covering on the way down was at the logical VA and extremes. Still a little short as I write. I'll probably run out of bullets before the down move is over.
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jenrique42
ReplyDeletemy proposal for this afternoon, this morning was successful entry, the afternoon but still not what I see subira the dax
http://img11.imageshack.us/img11/9089/daxahora2.jpg
jenrique42
mi propuesta para esta tarde, esta mañana se ha realizado con exito la entrada, la de la tarde todavia no pero por lo que veo subira el dax
http://img11.imageshack.us/img11/9089/daxahora2.jpg
jenrique42
ReplyDeletetrade a good day if you can live with this, but two is better still
jenrique42
con un buen trade al dia SI se puede vivir de esto, pero con dos, es mejor todavia
Hello Boss,
ReplyDeleteThanks for posting MP charts. Good reminder of context importance in discretionary trading.
Thanks,
Rino