[INTRA-DAY ACTION]
Big gap down in BAY today, with EZJ gapping up. Barclays has had a big drop under the 200EMA and BP has rallied to highs today and is currently forming a double top circa 529 and is a potential short to 525 - risk reward is not good enough for me to consider an entry though.
Looking forward to a clean day trading the US markets.
I looked over the past weeks 5 minute chart for Barclays and applied the same entry/exits using the Parabolic SAR and I got the following results:
This indicator is a sensation using the Heikkin-Ashi with a 100EMA.
Check back later in the day for some intra-day charts, I'm just waiting for a nice entry at the moment in the UK sector, but I expect the bread is in America today.
US Mid-market action:
I have learned an important lesson today: Do not have friends over while you trade. I missed sensational entries in TSO, ABK, UAUA and GM because I was playing pro-ev with a mate for a while, and then another came round shortly after for a little bit. These trades would have totalled well over £1200 closing at the current prices (and probably in excess of £1500 closing on first exit signals).
Annoyed, but I forgive them lol. Anyway, 2 trades so far today, one good, one terrible. Here they are:
Alcoa long - this was a total disaster entry, my exit was nice as I limited losses and stuck to my plan. Retrospectively, looking at the chart I must have been thinking about shorting but convinced my brain to go long. The setups on the chart, as explained, were terrible! The short target was hit right on the button.. so what the hell was I doing?
Visa long - happy with this trade, as I was in on a consolidation break at $75.02 (whole number break too) with a price target of $76 (closed at $75.965). Nice quick trade that had very little risk with a stop at $74.9. Chose a good exit price as it has tailed off, but I suspect this will move up again.
These are the sensations from this morning. I am dismayed with UAUA in particular as it was a clear setup. TSO was also very clean. GM.. very clean.. you get the idea! UAUA, TSO, GM and AA were the 4 charts I had up on the second monitor from 2:30 onwards.... :(
GM did a similar thing to UAUA in terms of setup and has moved from $10 to $11 at the moment. The reason for the big run is oil crashing again down to the $113 region.
Looking forward to a clean day trading the US markets.
I looked over the past weeks 5 minute chart for Barclays and applied the same entry/exits using the Parabolic SAR and I got the following results:
This indicator is a sensation using the Heikkin-Ashi with a 100EMA.Check back later in the day for some intra-day charts, I'm just waiting for a nice entry at the moment in the UK sector, but I expect the bread is in America today.
US Mid-market action:
I have learned an important lesson today: Do not have friends over while you trade. I missed sensational entries in TSO, ABK, UAUA and GM because I was playing pro-ev with a mate for a while, and then another came round shortly after for a little bit. These trades would have totalled well over £1200 closing at the current prices (and probably in excess of £1500 closing on first exit signals).
Annoyed, but I forgive them lol. Anyway, 2 trades so far today, one good, one terrible. Here they are:
Alcoa long - this was a total disaster entry, my exit was nice as I limited losses and stuck to my plan. Retrospectively, looking at the chart I must have been thinking about shorting but convinced my brain to go long. The setups on the chart, as explained, were terrible! The short target was hit right on the button.. so what the hell was I doing?
Visa long - happy with this trade, as I was in on a consolidation break at $75.02 (whole number break too) with a price target of $76 (closed at $75.965). Nice quick trade that had very little risk with a stop at $74.9. Chose a good exit price as it has tailed off, but I suspect this will move up again.
These are the sensations from this morning. I am dismayed with UAUA in particular as it was a clear setup. TSO was also very clean. GM.. very clean.. you get the idea! UAUA, TSO, GM and AA were the 4 charts I had up on the second monitor from 2:30 onwards.... :(
GM did a similar thing to UAUA in terms of setup and has moved from $10 to $11 at the moment. The reason for the big run is oil crashing again down to the $113 region.
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