Monday, June 28, 2010

+40 1:0 Y 2010-06-28


1: daily is down, 3hourly flat up, hourly flat up 15minute down 5 down
2: News to come is: no news
3: What's the main event just happened that move the market? eastern euro selling push the price from 1.2380 to 1.2340, g20 agrees on spending cut and US PCE up little bit.

4: What do you think the market will do today? boring, will be flat until new news come.

5: Were you right about the market? (After the trading session) wrong, the pair dropped lower for 80 pips.

6: What's the trade?
I still have a short at 1.238, move stop to BE and watch.
Is it related to the previous loser or winner? no
Do you take half at 1R? yes, take half at 1.2340
Is it follow the rules?
How many pips it risk? yes

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?

How many pips it risk? 15

what's the daily limit and daily risk now? 60/ 0


update: today's setup was good, at 1.2340 level, EMA62 on 5 minutes chart is down trending and pushing the price, on 1 minute chart, there was a reversal for DIV setup to entry

my swing position closed at 1.2260 level, total of 40 pips gain, with 15 pips stop.

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