Wednesday, November 25, 2009

2009-11-25 futures up 7 before open.

Job number below 500k first time in a long time. ES is up 7 points and EUR/USD at 1.5070 level, finally break the 1.5050 resist.

1. What is daily 3 hourly hourly 15 s/r and trend.
daily is up on everything, resist 1.5090
3 hours up on everything, resist 1.5090, support 1.5050 and 1.5000
hourly is up on all 3
15 is up, and 5 is now turning down...
5 is up on 62 and 5/13 is crossing down, big up during eur session at 3 to 4 am, now consolidation.
62 of 5 minutes is at 1.5055
resist: 1.5090
support 1.5065, 1.5050, 1.4880, 1.4940, 1.4970, 1.4990, 1.5000, 1.5020, 1.5050
support: 1.4840, 4800, 1.4750, 4680
2. Is there any news coming out in 30 minutes, what's trade. There is no news in the coming time. new home sale will be at 7 am, now it's 6. market open in 30 minues.
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.

will long at different support level. due to thanks giving , it's more likely to range bounce the whole day.

There was a sudden drop at 6am, my reaction wasn't very good...




-40 pips for now..

the rest of trade managed well,
total
+4 pips for today.





EUR/USD break with a 50 pips move above 1.5100. I traded again. with 20 pips gain.

+24 pips today.





Happy thanks giving everyone.


Still hold that short at 1.5140, with size at about 40%. Let it run.

Short another 20% at 87 and close at 75. Here is the chart



Close everything, another 34 pips.

Total today is + 58

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