Tuesday, January 12, 2010

Monday Diary - Ham Sandwich

Trading real money - Took 3 scalp trades last night to get a $100 confidence boost to the start of the week.

In line with the 5 min showing a gap to the 21MA - I took a short after market open off the 2584V at 21MA resistance. Quickly followed by a quick counter trend long off stoch and MACD divergence - also approaching support at previous close.

Only regret is hesitating just above previous close at 9am (my chart time) on faltering buyers - check out dojis on 1597V above. My concern was the previous close at 1141.5 providing support.


Was happy with my focus - just waiting for some pace and price movement to get some outlier days.