NQ DT 02/12/10

black

1. big gap down. possible down trend day?
2. lost of overlapping doji bars for the first hour, especially long tail on the down side. market hesitate to go down.
3. pullback to EMA, second entry short.
4. breakout pullback to EMA after break out day's high. long higher high.
5. failed breakout of yesterday's high, but market was in very strong trend, wait for second entry to short.
6. second time the market tired to breakout yesterday's high, and failed. second entry short, good short setup here.
7. look at these three dojis here. market went down then pulled up, and went down again then pulled up, these two looks like a double bottom. the third doji is a double bottom pullback, which makes this a reliable long setup. this was also a breakout pullback after the rally from bar 4. and market indeed rallied big time.
8. new high but followed by an inside bar, then an inside bar. if this follows a strong rally, break down of the second inside bar will probably followed by a reversal.
9. second entry short here, more reliable the first one but less profit.
10. double bottom? and market went up to the end.

Happy Chinese New Year!

IMeMyself

Shafa

charade

高，实在是高！

wyjhyd

楼主新年快乐!

Diver

1. big gap down. possible down trend day?
2. lost of overlapping doji bars for the first hour, especially long tail on the down side. market hesitate to go down.
3. pullback to EMA, second entry sho ...
black 发表于 2010-2-12 17:03

柴禾

abbozzo

cowboy11

Thanks Black.

I am wondering how did you identify 6 is not the strong rally (from 4) pull back? as you longed 4 there? they all made new highs?

dsl

shatianyou

受益良多！祝Ｂｌａｃｋ春节快乐

black

Thanks Black.

I am wondering how did you identify 6 is not the strong rally (from 4) pull back? as you longed 4 there? they all made new highs?
cowboy11 发表于 2010-2-12 17:39

it could be, if there were a second higher high after 6, i would have longed. after bar 6 inside bar, you can enter two stop entries, one buy stop above one tick above 6's high, one sell stop below 6's low, if filled at one side, the other order can be used as stop loss.

nasa1100

black

it could be, if there were a second higher high after 6, i would have longed. after bar 6 inside bar, you can enter two stop entries, one buy stop above one tick above 6's high, one sell stop below  ...
black 发表于 2010-2-12 17:50

also, there was a EMA support at 4. it was a long way to 6 and too far from EMA, and looks like it was due for a pullback.

abracadabra

busywind

thanks and happy new year!

sfbayarea

slcgh

windy

每日必读。
Thanks.

yaobooyao

Nice trade!

I see 3 is a magic number in day trade,  like  3rd time test high/low always breakout.

虎年发财！

oda