Wednesday, November 18, 2009

2009-11-18 housing start / permit drop

Housing start/permit drop this month, and which push down eur/usd for 20 (1.4920)pips, which is the 15 minutes 62ema, since then it flys to 1.4980.
I have a bad habbit which I like to open my chart first to see if there is any quick trade on the picture. Today I did that as well, which is about 1/5 of my normal postion.

1. What is daily 3 hourly hourly 15 s/r and trend.
daily is up on 5/13/62. it's still far a way from 62, support at 1.4800
3 hour is up on al 3, and it has been 4 green bars already. look for a resist at 1.5000 level. 1.5000 1.5050 and 1.5020
hourly is up on everything.
15 is up on everything, with support at 1.4940
5 is flat on 5, up on 13 and 62, with 1.4970/62 for 62.


resist: 1.4990, 1.5000, 1.5020, 1.5050
support: 1.4970, 1.4940, 4800, 4680
2. Is there any news coming out in 30 minutes, what's trade. There is no news in the coming time.
3. today's spread:0.9
4. What's the size of today, and what's the max risk. normal size, will risk 20 pips.

Plan is long at support level.



It was stopped out. today
+6 pip


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