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The price now is in the „sticky zone” again. As I wrote before, that I’d like to see the price come out of the 80-83.1 area, because the acceptance zones in this area are growing into each other – see today’s chart: from 80.5 to 82.5 it’s practically one wide zone.
If the price doesn’t move out, it’s sideways again.
I’m bearish below the ONL.
My journalling began in 2012 in this very contest and now it is time for me to enter the new nexusfi.com (formerly BMT) Journalling contest for October 2014.
Father of two girls, a software guy by the day, I try to put in …
Trade 1:
Time: 11:02
Sell 5 @ 81.39
Buy 5 @ 81.28 P&L w. commissions: 526.9
Really streched, with a bearish volume imbalance on top, and the sudden disappearance of bull power.
P&L for the day: 526.9
P&L for the month: 1786.86
P&L from 09.24: 2052.06
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My journalling began in 2012 in this very contest and now it is time for me to enter the new nexusfi.com (formerly BMT) Journalling contest for October 2014.
Father of two girls, a software guy by the day, I try to put in …
The price didn’t come out of the „sticky zone”, one could see a beautiful sideways move, in a simmetric triangle. In the last 20 minutes the bulls tried to break out, but only managed to close just above open.
How the predefined zones played out today:
If you like my journal, please help me win the journal contest. All you have to do is push a ’Thanks’ on the #14 post (daddy) on this link:
My journalling began in 2012 in this very contest and now it is time for me to enter the new nexusfi.com (formerly BMT) Journalling contest for October 2014.
Father of two girls, a software guy by the day, I try to put in …
My journalling began in 2012 in this very contest and now it is time for me to enter the new nexusfi.com (formerly BMT) Journalling contest for October 2014.
Father of two girls, a software guy by the day, I try to put in …
My journalling began in 2012 in this very contest and now it is time for me to enter the new nexusfi.com (formerly BMT) Journalling contest for October 2014.
Father of two girls, a software guy by the day, I try to put in …
Overnight the bears worked very hard to pull back the price.
A very interesting thing: the ONL is exactly the same as yesterday’s: 81.21. So probably if the bears can work through it, and break below 81, maybe the crude finally finds its way..
Still a long-term bear.
My journalling began in 2012 in this very contest and now it is time for me to enter the new nexusfi.com (formerly BMT) Journalling contest for October 2014.
Father of two girls, a software guy by the day, I try to put in …
The bears tried, but not hard enough. The price broke below 81, but always came back to the 81-81.55 zone. Sideways move ruled the whole day, but at least the close was below the ONL.
Maybe tomorrow the bears will finally rise..
How the predefined zones played out:
If you like my journal, please help me win the journal contest. All you have to do is push a ’Thanks’ on the #14 post (daddy) on this link:
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Overnight the bulls tried t climb some more, but stuck at 81.
The open is in the very wide 80.7-81.45 zone, above itt he next resistance is 81.7-81.85, below the next support 80.12-80.31.
Still a long-term bear, but it could be sideways again.
Did you trade it. I have marked my observetion based on your levels. 3 sweatspot entry only based on your levels.
The 1st one is easy to take. Rejection at if I am right at the market open
The 2nd one has been comfirmed with divergency
And a 3rd one is clear also.
Only using your levels, and the oscilator down. I see you are trying to justify some trend levels with SMA or EMA but really the trend should be much stronger to these kind of move I guess. I am not an expert on Min chart, so please keep that on mind. But as I said before, and I do believe it right now, if you are a good profile trader, and marking the levels like this, than you should skip the scalp and look for bigger moves.
Nope, I didn't trade last week, I was pretty sick. Still not feeling good, but tomorrow I'll start again.
I don't have the nerve to trade on a 5 min chart, I tried before. I moved my stops too soon, or didn't move it when I should have, couldn't let the winners run, and so on. Made all the mistakes a trader could.
Now I prefer trades which I enter and exit within a couple of minutes, but I just reviewed last month's trading, and preparing for this one, with looser rules, I let myself enter on bigger timeframe as well.
We'll see.