Monthly Archives: January 2011

26 January 2011 – 0424 EST GBPUSD Long

Posted on January 26, 2011 by

I took this trade @ 0424 EST @ 1.5830. I wanted my targets to be 1.5838 and 1.5868, but price spiked up too fast for me to adjust the second stop, so I got out at 1.5852 (missing out on … Continue reading →

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26 January 2011 – 1101 EST NQ Short

Posted on January 26, 2011 by

When the NQ fell below the trend channel, I went short @ 2312.25. Price started to move back into the trend channel, and I was considering exiting. Then I asked myself “Would I still go short here?” The answer was … Continue reading →

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26 January 2011 – 1047 EST NQ Long

Posted on January 26, 2011 by

I saw price fail to break 2320.00, fall back to the 21 SMA line, and then start to rally up. I entered @ 2319.50 assuming that the market would break 2320.00 and then make a big rally up from there. … Continue reading →

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26 January 2011 – 1008 EST NQ Long Trades

Posted on January 26, 2011 by

The NQ dipped a bit right at market open, and then broke out of the 5 and 15 minute opening range nicely starting @ 1008 EST. A nice entry would have been 2308.75 or 2309.25. Price moved up nicely with … Continue reading →

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25 January 2011 – 0800 EST Session GBPUSD

Posted on January 25, 2011 by

I took a few trades during the 0800 session in the GBPUSD. Two were small losers and one was a medium winner. Trade 1 Short 3 @ 1.5772 Close 3 @ 1.5784 P&L: -12 (-36 PIPs) Trade 2 Long 3 … Continue reading →

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25 January 2011 – 0512 EST GBPUSD Short

Posted on January 25, 2011 by

Here was a short trade setup that occurred just before the 0430 EST GBP news release. This was a risky trade, because the news releases sometimes result in a whipsaw. I certainly would not try to enter right at the … Continue reading →

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24 January 2011 – 0800 EST Session GBPUSD Longs

Posted on January 25, 2011 by

2 long trades setup during the 0800 session. The first was @ 0812, which resulted in a stop out. The second was @ 0936, which reached all the way to S2 target.

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24 January 2011 – 0400 EST Session GBPUSD Shorts

Posted on January 25, 2011 by

2 shorts during the 0400 EST session…the first @ 0415 and the second @ 0512.

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24 January 2011 – NQ Long Trade

Posted on January 24, 2011 by

I have been placing swing trades in the NASDAQ E-mini contract (NQ) for the past few months. This is a great market to trade, because once it figures out which way it is going to go, it seems to just … Continue reading →

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No Posts Lately – Who Am I?

Posted on January 21, 2011 by

I have not posted my trades in the past 2 weeks and I wanted to explain… The markets lately have been more erratic than usual.  For the past few months I have been working a scalp trading method for the … Continue reading →

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