2010-01-04

market is happy today as it is SNOWING in China and really cold in Beijing, if it reach -21C in the next couple days, it will be the coldest since they have record and schools are closed, more important, highways are closed, which means no one can send meat/fruit/vege into the city.

Anyway, Oil is above 81$ on this.


1. What is daily 3 hourly hourly 15 s/r and trend.
daily is still down, 5 below 13 below 62, resist at 1.4458.
3 hour is flat on 62, and up on 5 and 13, same resist as daily, support at 1.4255
hourly up on all 3, 5 > 13 > 62, same support and resist.
15 is up on all 3, ema62 is at 1.4360.
5 is up on 62, choppy on 5 and ema13, support at 1.4415 and 1.4400
resist 1.4458
support 1.4415, 1.4380, 1.4340, 1.4270, 1.4255
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.
I send another check to Oanda but it's not there yet, I have to trade the same size as last year, the plan is to double it whenever the check gets clear.


Currently short at 1.4435 level, already took some profit and now let the last 20% run.





The last position stopped out, I got about +5 pips as the new size. Since my fund will be in Oanda very soon, I better start counting my pips using the new size now.

+5

As I'm still waiting for the fund, continue to trade with the half size, now get another 8 pips.

Total today +13