Friday, April 20, 2012

20th April Friday

LONG Reversal at Prior Day High on Crude Oil 5 R
SHORT Re-Entry on Crude Oil 5 R
SHORT Re-Entry on Nasdaq 6 R
SHORT Breakout on Gold 5 R
LONG Re-Entry on Dow 3 R
LONG Reversal on Gold 6 R
SHORT Re-Entry on Gold 8 R
LONG Re-Entry on Crude Oil 15 R
LONG Reversal on Fdax 10 R
SHORT Reversal with Target 6639 / 6544 on Fdax 9 R
 LONG Breakout on Fdax 3 R
SHORT Reversal on Fdax 3 R
LONG Re-Entry on Fdax 4 R

S+P Inside Gap looking forward to get filled
Already LONG Crude Oil with Target 103.39
Already LONG S+P with Target 1376



Did not trade the long DOW because I was focused on 2 / 3 min setups, but the 30 sec entries showed once again that they would allow me to get back into entry trend at low risk:

Missed the two gold trade and only got some points from the fdax long setup, although they where clear DP Reversal Setups



Did not trade the crude oil long because I had to bring my thoughter to the hospital, anyway I learned to look at the osciallator on the 2 / 3 min chart to see if a reversal will most likely be profitable or not:
As on a slow moving market if the osciallator is still blue a reversal will most likely only go to the 50% line and not lead to a new short trend if there is no clear lower high or double top like on gold at the same time:



I entered too late as I was not trading the reversal at the Decision point but rather waited for a bounce down at the 50% level, again I should not anticipate that anything will happen but only trade what just happen and simply trail my stop.

I did not take this gold short trade because I had the wrong thought that the Euro first has to fall:
With 50 points profit I should have exited at the DP level rather than waiting for a magic elliotwave target to be hit:




Missed this Fdax short because I was focused on long trend:
Entered too late anyway its better to skip the setups before 3 am as they can lead you into wrong trends:

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