1: daily is down 3hourly up hourlyup 15 up minute 5 up
2: News to come is: none
3: What's the main event just happened that move the market? stronger euro data and oil price up, Spain rumar didn't help. spy up 10.
4: What do you think the market will do today? Pirce will go and test 1.2350 resist and decide from there.
5: Were you right about the market? (After the trading session) no, price touch 1.2300 and drop back on the news of Moody downgrade. Without the news, it's having hard time to break on the upside anyway. Seems bull run out of steam.
6: What's the trade?
A: buy the DIV setup on 1 minute chart. (This didn't happen today, no setup found)
B: buy the EMA62 on 5 minute chart support, might be at 1.2220 level, which is also the previous support. This setup filled at 36, stop 21, target 70. RR 1: 2 , moved stop to 27 after price back to 38 ( it tested 29) , price spike up, I sold at half at 46, move stop to 30.
OK, I sold rest half at 47, reasons? no patient, SPY is at 1100 for resist and sure it went to 63 in 3 minutes after I close mine.
Is it follow the rules? yes
How many pips it risk? A: 5, B:15
what's the daily limit and daily risk now? 60/ 20
update: I went short at 67, and stopped out at 80, Then short again at 83, stop set was 02, I took profit on half at 50 level, now the rest is running. The drop in price is because Moody downgrade. The last half hit my profit at 30. These are wrong trade, as no rules followed.
There were 3 trade (round trip) today, 1 good solid, the other 2 are luck and gambler.
Today 1:2 + 40
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