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JournalB

  • #1
  • First Post: Edited Dec 16, 2008 10:32pm Aug 25, 2008 2:13am | Edited Dec 16, 2008 10:32pm
JournalB - closed thread
  • #2
  • Aug 25, 2008 2:15am Aug 25, 2008 2:15am
usdcad
bullish bar + break of resistance + indicators extreme + trend is up
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  • #3
  • Aug 25, 2008 5:35am Aug 25, 2008 5:35am
stopped out for a loss

I have to get a more solid barrier to trade from.
'Trend' is not enough. I need to have a point of resistance/support that is likely to hold.
  • #4
  • Edited 11:03pm Aug 25, 2008 5:37am | Edited 11:03pm
30 minute bearish outside bar from prior resistance + fib level + daily pivot +indicators extreme.

these outside bars almost always retrace... now well see if the barrier can hold off the retracement.

Closed at + 17 pips after price pulled back from +32 pips while I was sleeping.
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  • #5
  • Last Post: Edited 11:43pm Aug 25, 2008 11:05pm | Edited 11:43pm
Price at daily pivot + pin bar + general down trend

Closed locked in a profit near prior support area. Letting the rest run.

closed final amount for +41 pips at daily support.


Review.
This trade made sense. Daily bearish bar. Price retraced on the 1 hour and 30 minute to the Daily Pivot level. Price bounced off the daily pivot with a pin bar. Entered on break of the pin bar with stop above the pivot. THen locked in some profit and let the rest run; which was closed at daily support.
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