Dislikedreason for me taking this trade:
- 60/120/240 weak
- 10m formed round top
- market had its first bigger push down, bigger in terms of length and time, follwed by a small push up with just one bar on vol increase.
i took the 10m nd below the 20sma (yellow line) which was near round number 5500. markets tend to fake back up after support was broken to be rejected again. 5m then confirmed the trade, since the markup bar we obnly made lower highs and also had a 5m nd.Ignored
- #8,422
- Dec 30, 2010 4:53am Dec 30, 2010 4:53am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #8,425
- Dec 30, 2010 5:01am Dec 30, 2010 5:01am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #8,427
- Dec 30, 2010 5:09am Dec 30, 2010 5:09am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #8,432
- Dec 30, 2010 5:13am Dec 30, 2010 5:13am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #8,435
- Dec 30, 2010 5:15am Dec 30, 2010 5:15am
- Joined May 2008 | Status: has long shorts | 2,584 Posts
- #8,436
- Dec 30, 2010 5:19am Dec 30, 2010 5:19am
- Joined May 2008 | Status: has long shorts | 2,584 Posts