Sunday, January 17, 2010

2010-01-17










1: Daily down, EMA62 act as resist and 5 is crossing 13.
3 hour is down on all 3, 5 13 62
hourly down all 3, 15 down all 3, we are at the support level of 1.4334, and it has been tested couple timestoday.
5 is down as well, no EMA62 yet due to the market just open.

I will short when it's breaking down 1.4335, I have short limit order at 1.4332, stop at 1.4339 and target 1.4322

Current spread is 1.5.

in 1 minute chart, EMA is steady down, I can short of that as well.

Resist at : 1.4350, 1.4355, 1.4375, 1.4400
Support at 1.4300 and 1.4265.

I short half at 1.4339, stop with 10 pip, target 1.4300 level.


-147, don't want to write about it now.






Market open with Gap low and tested previous low at 1.4335 level and chop all the way up. I had a plan to short the breakout on 1.4335, and it was never triggered, then I start betting on the short side, that cause the hudge lost.

What can I do better:
1: I have a plan, need to follow it.
2: I need to really not to trade on off session, when it's not breakout. I had some order short at 32 level, never get triggered.

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