All the sudden, Dubai isn't a big deal after UAE central bank decided to stay behind the lenders. EUR/USD raise after the open. Is now tradint at 1.5060 level.
1. What is daily 3 hourly hourly 15 s/r and trend.
daily is up on 62 and flat on 5/13
3 hours up on 5/13 and falt on 62, just break the resist 1.5050 level in nov 10.
hourly is up on all 3, support at 1.4830, 1.4960, resist 1.5070 1.5100, 1.5150
15 is up
5 is up on 62 and 13, 5 is turning.
62 of 5 minutes is at 1.5030
resist: 1.5070, 5090 5100, 5150
support 1.5050, 1.4880, 1.4940, 1.4970, 1.4990, 1.5000, 1.5020, 1.5050
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:1.3
4. What's the size of today, and what's the max risk. normal size, will risk 20 pips.
I will short on the close to 70 level.
Had a short at 61, covered most of the position at 56, with 5 pips in pocket, let the rest run or stop out.
It's a warm up trade and it's early in the week, I will stay with 5 pips profit, won't bother me if my last position is stopped out.
I know I took profit little early, as I shorted at 61, my stop is at 72, my target was 51, but I just won't want the 6 pips profit get away. So I closed it, Oanda eat one pip so I have 5.
With light session (Asia) now, 5 pips move isn't small. This is why I don't like to trade light session, the spread is wide (1.3 pip vs. 0.9) and movement is small 5 pips vs 10 pips. The chance we can get profit is small.
+ 5 pips today
No comments:
Post a Comment