Wednesday, August 18, 2010

Took the first red after the green cycled already. But the way things were shaping up, it looked like the figure would be hit. Took the first gap up past figure, exited as soon as I saw it halt on quote panel, and given the size of the pull back, a safe bet going long again into the break of the figure. Exited at the first spike up. Thought abt short at 05 to test 00, but the way it had been building up on the 5M was not confident of such a quick retrace. Had Daily r1 at 2921 and also the previous day's high at 2919, so decided to wait for that level. Also, the highest volume candle for yesterday was around this level. Got in abt 2pips late, so took early profit.

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