The ER2 Trading Journal

Trading nears its low of the day yesterday 656:
Lo0king for entry here, target 658.5 (near 50% fib retracement)

http://tinypic.com/view/?pic=fjkh95

 

Out at 658.40. near the 50% fib retracement.

 

Going short near 659 - the pivot line. will see what happens.

 

how do you make decisions with all that stuff on your charts - i cant even see what the price is doing???

 

ER2 chart updated:

Short at 659:

http://tinypic.com/view/?pic=fjkq6w

 

Covered at 657.7:

http://tinypic.com/view/?pic=fjkr51

 

Play the fib lines and pivot line. Also look at RSI/Stoch/MACD/ADX. These TA indicators must at the bottom or top to go long or short along the fib lines/support/resistence.


Look at 30 days chart, it points to the resistence and downtrend. So I would play the short side often around the pivot line. It would be hard for ER2 to break pivot line, if it is, then it is a short. Again, always watch the TA indicators. If the TA indicators are at the low end and uptrend, the price is near pivot line, it could break it. Also look at the buy/sell volume.

 

Trading alone these lines:

http://tinypic.com/view/?pic=fjkuc6

 

I use 233 tick chart as a measure of buying/selling volume, also has the ask/bid MA charts on the tick volume:

http://tinypic.com/view/?pic=fjkv48

 

What software is this ?