DTB 10/21

ppteam

1. short stop bar 2, stop out 2 points. tricky one.
2. reverse to buy stop bar 2 for MM target.
3. buy stop at bar 17, stop out below the low of bar 17. tricky again.
4. I think I limit short at bar 25 at 1181.5 or 1181.25, for 2 points
5. limit buy at bar 29 at 1178 for scalp
6. chase to short in bar 53 for MM target, for 3 or 3.5 points.
7. limit buy at bar 56 at 1169.5 for scalp
8. limit buy in bar 65 for scalp, forgot the entry.

tough day all around.

bears are very active in new high area. Market I think is in transition mode, to bear.
Notice there's no any follow through at all after big bull bar in 5mins, until in the end.

LLN

Thanks,
a failed wedge today.

西安

excellent trades. thanks.

Ps: how do you set the the stop loss for the second trade? I think mine will be stopped out by the low of bar 3.

ppteam

回复 3# 西安

below the low of bar 1 is such good setup for shorts, it fails, lots of bears are trapped. plus bar 2 closes very strongly. No followthrough can be explained as 10am news.
stop theoretically is below bar 2.

西安

回复  西安

below the low of bar 1 is such good setup for shorts, it fails, lots of bears are tra ...
ppteam 发表于 2010-10-21 23:16

thanks

flash

big bull bar in 5mins 你指的是哪个BAR？？

ppteam

回复 6# flash

every long bull bar

flash

you mean bar 71 72 ?

Ave

Glad you thought it was a tough day also. Totally out of my expectation. I had short the day before, and cut right at top. Because of the loss and misjudge of the market, I dared not to long at bar 56 which I usually will try.

So much to learn. 1st to be flexible and trade according to price action not anticipation!

ppteam

回复 8# flash

2, 6, 8, 30...

flash

how about DTB 10/22