Thursday, January 14, 2010

2010-01-14 retail down.







Ratail number is much worse than expected, eur/usd struggle for 20 minutes and sell off from 1.4520 to 1.4470, 50 pips.

Daily is still in the range. bounce from ema62, and between ema5.
3 hour is up on 62 and down on 5, bouncing, support 1.4450, resist 1.4550
hourly is choppy, resist 1.4520.
15 is down, after the news and overnight sell off.
5 is down, ema62 is at 1.4500.

support: 1.4468, 1.4450, 1.4400,
resist: 1.4520, 1.4555
2. Is there any news coming out in 30 minutes, what's trade. There is no news in the coming time. nothing major
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.



plan is to long at 1.4470 level and 1.4450 level,
short at 1.4500 level, and 1.4520 level.

This is my best day of the week, I follow the plan on 1 and 2nd trade..

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