2 June 2011 Close Analysis of Trades

Look at encircled trades 1 , 2 , 3 and 4

Analysis : Encircle No 1
1 SELL Trade
2. Three Trend Lines Resistance and Euro Line act as a Support
3. Three Candles Cut Solid Yellow Line
4 Fourth Candle Independent  , At this time all features ,histogram supporting sell. This was the best time to put a limit 2 pips below Yellow Line
5 Fifth Candle Still Independent , But not close to resistance
6. Sixth Candle exaclty Touches Yellow Solid Line , it will take into SELL trade.
7 .once it will Show like $20-30 negative. Stay in Market because it has not crossed Resistance
8. Put Limit at Maximum $50 only Because Euro Line is Still Support. Although market drops too much but at that time it was not sure . 
9 EXIT ....You Got $ 50

Analysis : Encircle No2
 Dont  Enter again in SELL because Big Boss Study says only once in One Trade

Analysis : Encircle No3
No Buy because Overall Trend is Downwards (SELL)

Analysis : Encircle No4
No SELL because Neither Features nor resistance Supporting

Happy Trading
eMaster
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