Thursday, April 19, 2012

19th April Thursday

LONG Reversal on Crude Oil 5 R
SHORT Re-Entry on Crude Oil 7 R
SHORT Reversal on Gold 6 R
SHORT Re-Entry with Target 6669 / 6537 on Fdax 10 R
LONG Re-Entry on Nasdaq 5 R
SHORT Reversal on Nasdaq 3.5 R
LONG Reversal Opening Trade on Nasdaq 6 R
LONG Reversal Opening on Gold 15 R
SHORT Re-Entry on Fdax 1 R
SHORT Re-Entry on Crude Oil 4 R
SHORT Re-Entry on Dow 6 R
LONG Reversal on Fdax 3 R
SHORT Reversal on Fdax 10 R
LONG Re-Entry on Fdax 6 R
SHORT Reversal on Fdax 6 R
LONG Breakout Opening on Fdax 3 R
LONG Re-Entry on Fdax 7 R

Already SHORT Crude Oil with Target 102.12
Already LONG Fdax with Target 6782 / 6800 / 6825



I missed this fdax and gold short trades as I had to bring my son to the soccer field and was focused on a long trend instead of reading the price action at the decision point:


I was happy because of the recent short trade so I did not take the long nasdaq trade:

I did not have the 30 sec chart window open so I did not see the nice nasdaq long trade:
I could have entered earlier but I did the misstake to look at last thursday gold chart, on which I see a nice upmove, well today there was also a nice upmove (one of the best trades I did today)



I waited for a 50% retrace so I did miss the chance to enter at the AB correction:


Exited my long trade too earlier, next time I wait for a clear trend before entering the AB correction setup

better exit at the DP level only when the price is clearly above prior day high its ok to let trades run:


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