Thursday, November 12, 2009

2009-11-12 U.S. Jobless claim improve

5.63 M vs 5.77M.

1. What is daily 3 hourly hourly 15 s/r and trend.
daily is up on 62, but turning down on 5 1nd 13, with a big red bar.
3 hourly down on everything, with 5 crossing 62. 1 hour is down on everything. 15 is way over sold, 5 is down trend as well.
resist: 1.4900 1.4940 and 1.5000
support: 1.4850, 1.4810, 1.4760
2. Is there any news coming out in 30 minutes, what's trade. There is no news in the coming time. no news coming
3. today's spread:0.9
4. What's the size of today, and what's the max risk. normal size, will risk 20 pips.

I will short, already have a small potion at 4868, will short more if it bounce back to 4900 to 4880.

I did both long and short. It's choppy and I have to go out so missed last move down.

+10 pips today

3 comments:

  1. I wonder how many people in the stock market thought that the improvement in jobless claims would spark a rally. They should've been watching the forex markets!

    Nice trade on your part.

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  2. Even Forex is not always consistent, I remember on 8/7/2009, NFP number is at -250 and market expect -320. I went long EUR/USD and got about 50% of my capital wiped away. No misstake, 50%. That teaches me how to listen to the market, not fight with the market.

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