2010-08-02

First trade of Aug 2010

1: daily is up 3hourly up hourly up 15minute up extended 5 up, just breakout 1.3110 level.
2: News to come is: 7:00 ISM
3: What's the main event just happened that move the market? and is it trendy? just beginning of the month, market is happy, and ES is up 16. BIS buying at the dip of 1.3060, and no big seller.

4: What do you think the market will do today? up

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

6: What's the trade? Is it related to the previous loser or winner?
Do you take half at 1R?
buying the dip.
Is it follow the rules?
How many pips it risk?

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? 60/20/3