Monday, December 7, 2009

2009-12-07 will it be USD bottom?

Dollar bounced since last Friday. and stock going up still with in 1105 range.

1. What is daily 3 hourly hourly 15 s/r and trend.
daily is flat on 62 and down on 5/13, 5 is crossing 13.
support at 4756, resist at 5150 level.
3 hour is down on all 3, little extended with the 2nd leg already, support 4756, resist 4900 and 5000
hourly is down on all 3, 5 tested 13 last night. resist maybe 4830 level.
15 is down on 62 and up 5 crossing 13 resist 4830, support 4780, ema5 at 4838
5 is up with 62 at 1.4805

resist: 4830 to 4838, 4900, 5000,
support: 4780, 4756.

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.

I will short on resist.




I was watching the market when it was testing 4820, and I told myself, hold on to your order until it tested 30/40 level, and then it dropped 30 pips, I said, I'm ok, I followed my plan even I don't have an entry.

Now with it trading at 4800, I regret that I left only 1/5 of position in the winner, but I was only risking 5 to 7 pips in each position, it make sense to take profit at 5 to 10 pips.

Ben is talking again, I trade another round, today total:
+26 pips

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