I had two more opportunities at 9:05 AM and 14:54 PM but in both cases price was very near from ATR bands and prefer to avoid this trades with less probabilities, anyway it was winner trades too. At 15.50 PM i have good conditions to enter with sufficient space upto ATR bands
Archive for March 21st, 2012
FESX short 2490 +4 ticks positive at 15.50 PM in 5 minutes
By mjose | Filed in Trading Journal6E short 1.3222 -10 ticks negative double bottom and temporally up, EMA20 flat
By mjose | Filed in Trading JournalTrend suddently stopped and a lateral move makes me loose this trade, EMA20 was starting to loose its slope, i cant know it will be a double bottom, so this situation belong to the 10% of probabilities to loose using this strategy.
One hour later, At 15.55 PM have the opportunity to enter again although EMA8 was not touching the candle, but it was my lunch time.