Wednesday, September 23, 2009

24th Wednesday Up, Down, Down, Up, Down






High of the Day: Prior Day High
Morning Reversal at: Prior Day High at 3.47 am
US Market Open Move ended at: S12Mid at 10.46 am
Low of the Day: S12Mid
Close of the Day: S12Mid

Profit 10 Points Elliot Wave
Profit 104 Points eASCTrend & ART Trading System

Today I learned to use the CMO indicator and integrated it into my trading to define overbought/sold areas. As today is a FED news announcement day I will also trade the evening session. Crude Oil had a pretty good move today...

The FED announcement was quite difficult to trade as there was first no movement and then only long trades that did not work out, however on the short side some nice scalp trades happened.


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