Tuesday, September 1, 2009

01th Tuesday, Down, Side, Up, Down







High of the Day: Open or Camarilla H4
Morning Reversal at: S3Mid at 4.30 am
US Market Open Move ended at: Camarilla L3 at10.08 am
Low of the Day: S4Mid
Close of the Day: S4Mid or Low of the Day

Loss 35 Points Elliot Wave
Profit 137 Points ART Method

Today we had at the opening elliot wave short targets on a 60 min chart at 5430, 5473 and 5308. The gap up provided a good opportunity to go short. Still not sure which chart is better for scalping the 54 tick or simply the 1 min one.

After the US market opened perfect trends happened, first S&P gold crude and dax long then short. S&P till day before yesterdays close, for Gold and Crude I found the 8 Range Charts very helpful much better than tick charts. For the DAX I found the 30 sec. charts still much better than the 34 tick chart. I scalped all the way down to the 3rd fibonacci target and went long assuming at least half the decline will be faded till tomorrow morning.

Tradelist

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