weekend charting elevator week 7th may, page-37

Hi guys,

Been a wild week. Had some very ordinary trades and entries. I don't like volitility as must with how I trade. Still running net short (well all short as of friday - haha). Took a couple of long trades due to bullish divergence this week and been stopped out of them rather quickly :p

CBA, $8 aver. weekly moves are rare for CBA? So in saying that we are obviously going to have a bounce at some stage before the world ends.

I have highlighted in the pic some low risk entries for a long play. Ofcourse, I would look at the daily before an entry is taken. Not how I trade but will consider it if the daily looks ok for an entry.

As we are trying to highlight risk this week - STOPS ARE PARAMOUNT ON TRADES. I personally have no self control and always use a stop as it might spike and tap me out then go in my intial trade direction but I don't care. This is because the one time that that doesn't happen I will be very thankful for my stop.