Today's trade. VMA's on 5 min went flat looked like a ladder reversal of up trend. Went to 1 min chart and entered after rainbow expansion down was clear and breakout to down side imminent. Exit when profit target for the day was reached. Nice trade all in early Asian market .
5 min chart begging for a straddle. Rats tails to that! Both of them bit me on the bottom. Waiting for the market to declare its intentions now............
This mornings trade just in profit. Not surprising due lack of news and holidays tonight. No time to wait. Other things to do. Entry trigger was reversal flattop and pullback in 5 min entry on 1min ladder down. Exit when market seemed sideways and time issues for me.
This mornings trade: 5min making ladder. (Also breakout of yesterdays high so being careful here [could be a fake out] , also as this was not the first rung on to-days ladder which would have been a more secure entry point!! but Hey can't watch the chart all day!) Go to 1min look for breakout of the rainbow. Close when price re-enters past red fantail. Another scalp notch in my belt.
One looser and one winner this morning. Positive overall as result of nice spike.....weird thing was news was bad but still they buy big-time!! Madness. But made money.
Analysis of semafor in agreement with rainbow. Interesting.
One winner one loser today. So BE day. Exited my winner early as seemed to be rejecting a FIB level I'd put on chart yesterday. Then went on to hit my target.
HOW OFTEN DOES THAT HAPPEN!!!!! Too many times. How do those little gnomes in Zurich know what I'm doing????
Yesterdays trade. Entered due to divergence. Heart in mouth for a while but second top also diverged so felt OK to stick it out.
set a profit target (2 X SL) and had to go do other things. Hit target nicely.
This mornings trade. You will note I've simplified things even further. Back down to naked chart with my old favourite the semafor. Such a useful little flag waver. But it's not the signal. Semafor just alerts me that a signal MAY be coming. Only price gives the signal.
Todays trade. Nice signal candle. Exit at hesitation at top of two days ago.And note price had moved exactly 100% of the signal candle body length any more is a bonus.
Well after three loosers I went up to the daily to look at the trend and decided it was going down. Placed a 10% recovery trade and left it to mature.
It did and I'm back in profit! Not a comfortable way to trade.