Friday, September 18, 2009

18th Friday Up, Side, Down, Up




High of the Day: Prior Day High
Morning Reversal at: Prior Day High at 3.22 am
US Market Open Move ended at: Prior Day 50% at 10.08 am
Low of the Day: Camarilla L3
Close of the Day: Prior Day 50%

Loss -15 Points Elliot Wave
Profit 100 Points eASCTrend & ART Trading System

Same as yesterday a rally at the 3 am open and the test for the double top rally started also at 5.30 am. So i am expecting a buy and hold trending day, ignoring peoples opinion about quadruple witching days...

Today i learned to stick to the long trend but keep in mind that 4 am and 8.30 am are times where people (I guess the folks from england and pre-market new yorkers) want to buy cheap and thats why its wise to bank in profits from the early morning and buy again on those times...

How it played out was that the long positons where all very profitable till the US market opened, so I learned to really go flat and reopen the long postions later again if a bullish pattern is in place.

Tradelist

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