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Buildcity in 2011 ~ Trading Journal

  • #101
  • Feb 28, 2011 4:31am Feb 28, 2011 4:31am
Good position to watch out
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  • #102
  • Feb 28, 2011 9:18am Feb 28, 2011 9:18am
The DT is off from major S/R level, a CT trade but didnt seem much downward move.

Quick quit!!
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  • #103
  • Feb 28, 2011 9:46am Feb 28, 2011 9:46am
As always, the best indicator is the price itself!! Those other Stoch / BB / MA / MACD/ KC could only serve as a guide.
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  • #104
  • Feb 28, 2011 10:35am Feb 28, 2011 10:35am
Shit, still in negative, after a 200 run there is still upward force!!
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  • #105
  • Feb 28, 2011 11:00am Feb 28, 2011 11:00am
Quoting Buildcity
Shit, still in negative, after a 200 run there is still upward force!!
Yo City,

You are selling against the trend. The buildup is still higher on the predominant hourly trend, with higher lows at 129.98, 131.32 This take precedence over smaller price action on smaller time frame or smaller formation of lower highs as seen in your prior chart...

Chances are it will test 134.00 For it to go lower, it must break support at 129.98. If it doesn't go below 131.32 after testing 134.00, it will try the next higher peak at 135.38
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  • #106
  • Feb 28, 2011 11:08am Feb 28, 2011 11:08am
Quoting ken_wongyl
Yo City,

You are selling against the trend. The buildup is still higher on the predominant hourly trend, with higher lows at 129.98, 131.32 This take precedence over smaller price action on smaller time frame or smaller formation of lower highs as seen in your prior chart...

Chances are it will test 134.00 For it to go lower, it must break support at 129.98. If it doesn't go below 131.32 after testing 134.00, it will try the next higher peak at 135.38
Thks mate,

Still holding on this, now around -15, see whether I can get out around 133 r/n (waiting for retest) within next few bars, otherwise sharp cut to sleep

Cheers
City
  • #107
  • Feb 28, 2011 12:04pm Feb 28, 2011 12:04pm
Quoting Buildcity
Thks mate,

Still holding on this, now around -15, see whether I can get out around 133 r/n (waiting for retest) within next few bars, otherwise sharp cut to sleep

Cheers
City
out 1/3 position at -3p, downward movement now, seems to be continues....
  • #108
  • Feb 28, 2011 12:14pm Feb 28, 2011 12:14pm
Quoting Buildcity
out 1/3 position at -3p, downward movement now, seems to be continues....
Price has hit resistance level. It is possible to have more retracement to 38% level at 132.57 before price moves off, just that you would have to keep your eyes prised open ....

I can't anymore .... ZZzzzz ZZZzzzz

Good luckie for your remaining 2/3
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  • #109
  • Feb 28, 2011 12:18pm Feb 28, 2011 12:18pm
Quoting ken_wongyl
Price has hit resistance level. It is possible to have more retracement to 38% level at 132.57 before price moves off, just that you would have to keep your eyes prised open ....

I can't anymore .... ZZzzzz ZZZzzzz

Good luckie for your remaining 2/3
Cheers Mate, nice to know another Asian here
  • #110
  • Feb 28, 2011 12:29pm Feb 28, 2011 12:29pm
Quoting Buildcity
out 1/3 position at -3p, downward movement now, seems to be continues....
I'm so tired to manage this trade, don't expect to quit with positive when I did manage it from negative -20+ down to -3 (1/3) and -4(2/3), go to sleep now. Luckily I'm off from work tmr.

Tmr is better.

Cheers
Eric
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  • #111
  • Mar 1, 2011 4:56am Mar 1, 2011 4:56am
Just killed, what a bad start. Initially the 1.63 level was pretty strong?
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  • #112
  • Mar 1, 2011 6:13am Mar 1, 2011 6:13am
those drops on GU are werid to say the least, i have a bullish sentiment targetting 64-66
  • #113
  • Mar 1, 2011 6:17am Mar 1, 2011 6:17am
Yo City,

u overlook 1 aspect. This price level is the 6mths high. And this is just the 2nd test since 6 mths ago. This resistance will hold definitely. And it is not a good idea to buy into a strong resistance level at least for now.

Conversely a short might be good instead.
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  • #114
  • Mar 1, 2011 6:36am Mar 1, 2011 6:36am
Quoting ken_wongyl
Yo City,

u overlook 1 aspect. This price level is the 6mths high. And this is just the 2nd test since 6 mths ago. This resistance will hold definitely. And it is not a good idea to buy into a strong resistance level at least for now.

Conversely a short might be good instead.
Yes mate, change our mind in second, im in short now
  • #115
  • Mar 1, 2011 6:42am Mar 1, 2011 6:42am
Quoting Buildcity
Yes mate, change our mind in second, im in short now
GU, Just BE +1 out, too tight sl
  • #116
  • Mar 1, 2011 7:41am Mar 1, 2011 7:41am
Quick one, enter after pin
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  • #117
  • Mar 2, 2011 9:59am Mar 2, 2011 9:59am
EJ small +7, seems no much force to break the r/n, then out
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  • #118
  • Mar 2, 2011 10:55am Mar 2, 2011 10:55am
Chicken out
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  • #119
  • Mar 3, 2011 6:20am Mar 3, 2011 6:20am
Will see..
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  • #120
  • Mar 3, 2011 6:43am Mar 3, 2011 6:43am
Under observation..
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