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Wednesday, 17 November 2010

RECAP

3 scenarios:

a. trend (nowdays 10%) - breakout ....change of momentum.....trade 1st opportunity...no target, trails
b. mixed (nowdays 30%) - pullback.....stay of momentum....trade 2nd opportunity....has target
c. chopped (60%) - fade...... out of momentum.....extreme contra candles...has target

Candle types:
Doji....range market...undecided
Body....directional market...decided
Body plus leg...mixed...to be confirmed by next candle or ema

Mind state:
Zen Clear   :)

Bonus Pattern:
SU1

Set up
Price, EMA (previously WMA), standard Bollinger, micro line, MACD modified

Previous objective:
SU1 (USD 1000 move).... ha ha ha....silly me...

Current objective:
USD 70 per entry.....2 times per day: USD 140
Monthly target: 20 days x USD 140 : USD 2800

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