1: daily is down 3hourly flat hourly down 15minute down 5 up
2: News to come is: 6:30 us stock market open and 7:00 housing sell
3: What's the main event just happened that move the market? risk aversion, including SNB comments fitch downgrade BNP and Eur bond spreads wider, UK budget cut and tax hike. CNY still in focus trade at 6.76
4: What do you think the market will do today? I was right yesterday, market drop and bounce back from 1.2250 level, now traded at 1.2290.
5: Were you right about the market? (After the trading session)
6: What's the trade?
A: Short at 1.2305/10 level, with DIV setup
B: long at 1.2250
Is it follow the rules? Yes
How many pips it risk? 10 + 10
what's the daily limit and daily risk now? 60/ 20
update: 10:39 AM PST, it's boring, I missed a buy at ema62 on 5 minutes, but it's only a 13 pips move, the whole morning is within 30 pips. I was able to hold on to my atemp to buy at 90. as it's not planned, oh well, it could be another 10 pips winner while I'm typing this, it pop back to 1.2300 already. but follow the plan is the only way I can track my trade and make consistent grow.
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