Trade #1: My first trade of the day, nice divergences
of MACD with price on multiple timeframes and failing upper channel line. Premarket though so only shorted 1 contract. Short was in direction of the gap fill level (yesterday's close) which is another bonus. Analysis/chart below:
Trade 1 screenshot
Trade #2 and #3:
Here is my trade #2 and #3 of the day. It is based on the same setup of shorting resistance (was anticipating market needed to sell off from looking at hourly chart). Trade 2 was too early I was almost immediately stopped out but I thought the setup was still good so I jumped back in on more confirmation and made back the stop on the second entry. Analysis/Chart below:
Trade #2,3 Screenshot
Here is my last and final trade for today. I spotted a mostly sound looking bearish Gartley pattern on the 3 minute chart that was in line with the downtrend on the 10 minute chart and price showing it was failing multiple layers of resistance. My analysis and charts are below:
Last trade #4 of day screenshot
Primarily my personal trading journal and thoughts/analysis on the financial markets (forex, futures, precious metals, inflation, stocks, economy, computerized trading strategies). I am not a registered investment adviser, and do not offer buy and sell recommendations of any given securities or asset classes. Please read disclaimer below at bottom of left panel.
Pages
- Home
- Bible Truth TV (Sermonaudio.com)
- Bear's Trading Room (Live Stream)
- Occupy Bilderberg 2012 (Live Streaming)
- Chicago Nato Protest (Live UStream)
- Occupy Wall Street (LiveStream)
- Occupy London (LiveStream)
- Occupy Chicago (Ustream)
- Occupy Chicago (LiveStream)
- Live Streaming Radiation Meters
- Japan Radiation Map / Nuclear News
- Free Stuff to Free Your Mind
- Reading List
- About Me
Search This Blog
Sunday, March 15, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment