Tuesday, April 27, 2010

MOS, NYX Short

Gapped down below PDL. 4th, 5th bar are 2 NRIB, 5th being NR7 and very close to 5 EMA acting as resistance. Shorted there. Covered when price began to move above S2.

First bar is bullish with a long lower tail. 2nd, 3rd bar bearish off 5 EMA. Shorted on the 4th bar. Wanted to take partial at PDL but covered the entire position by mistake.

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