2010-07-12

1: daily is flat, 3hourly flat hourly down 15minute down 5 flat, so bigger trend is down, but lower trend is inndecition.
2: News to come is: None
3: What's the main event just happened that move the market? nothing much, last week's move was over, 1.2710 level is the top. Now people are looking for directions in the mean while rumor saying China is buying at 1.2500 level.

4: What do you think the market will do today? flat, and up little bit

5: Were you right about the market? (After the trading session)

6: What's the trade? Long at 1.2570 level, stop 1.2545, target 1.2599 and 1.2640
Is it related to the previous loser or winner? no..
Do you take half at 1R?
Is it follow the rules? yes
How many pips it risk? 25

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?

what's the daily limit and daily risk now? 60/25


BTW: Spain won the world cup, they played a better game than Holland.


update1: 9:40 AM PST, it's testing 1.2585 level the 3rd time this morning, and it's getting pressure from downtrending ema62 on 15 minutes chart, if we couldn't close above this time, I will tight my stop to BE at least.. I can always buy again when it bounce from 1.2550 level.

update2: sold half at 1.2596, rest stop at BE.