2009-12-01 global market back on track.

ES is up 9 points this morning and Dubai seems to be a OK issue now.

1. What is daily 3 hourly hourly 15 s/r and trend.
daily is up on all 3, support at 4816, resist at 5144
3 hour is up on all 3, little extended, resist at 5102, support at 4970.
hourly is up,
15 is up as well.
5 is up with 62 at 1.5070.

resist: 5102, 5144
support 1.5070, 1.5042 1.5000, 1.4880, 1.4940, 1.4970, 1.4990, 1.5000, 1.5020, 1.5050
2. Is there any news coming out in 30 minutes, what's trade. There is no news in the coming time. ISM and pending home at 7:00 AM
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.

wait for the news and buy at support. with 5 to 10 stop, target 10 to 20. If stop out, wait for next support level or pull back on 10 chart.

News is coming out in 15 minutes, I will wait. Remember, short on pop up and buy pull back.

Had some short early the day.




And now is add more position from 5105 to 5115 level, stop at 5120.
Got half of the position out, will keep the rest for a little longer

+16 pips for today, still have a 50% position running, will see where it goes.

Total of +20 pips, the remaining was stopped out at the top.. crap!

What I use to do is to keep it with original stop, even I was stopped out, I will be BE. This time I moved it and missed a 70 pips profit.