Wednesday, January 13, 2010

2010-01-13





1. What is daily 3 hourly hourly 15 s/r and trend.
daily is down on 62, up on 5 and 13, 1.4452 support 1.4580 resist.
3 hour is up on all 3, support 1.4452, resist 1.4580
hourly is up on 13 and 62, down on 5, same support and resist,
5 is down on 5 and 13, and 62 at 4544,
15 is same support and resist, ema62 is at 1.4520


2. Is there any news coming out in 30 minutes, what's trade. There is no news in the coming time.
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.


Plan1: buy at 00 level,
Plan2: buy at 4465 level
Plan3: short at 4580 level.

Bot some at 00 level and closed, then bot some at 78 level and closed as well.

Price went up to 1.4580 and pull back to 1.4480, then stall at 1.4510.. on 15 minutes, it's really choppy, in hourly, it's slightly going up.

I did have a plan, I followed it the first trade, the 2nd trade wasn't following the plan, but it turns out good result.
1: can let the winner run a little longer, but nothing wrong to take it.
2: first trade should take some profit at the 1R level, but I was in bathroom.
3:

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