Thursday, August 26, 2010

2010-08-26 +20 pips TILT

1: daily is flat 3hourly down, just reject by ema62 last night's high, hourly flat up, bounce from ema62 last night of 1.2660 level 15minute flat up 5 flat.
2: News to come is: no
3: What's the main event just happened that move the market? and is it trendy? GFK has better news and China buying later one send to 1.2746, then BIS and russia sell to the low and then China buying again and SNB selling. anyway, its' a choppy no trend night ranging 1.266 to 1.275.

4: What do you think the market will do today? choppy up. largely depends on what ES will do, ES looking like pretty bullish, just turned from major down trend for 4 days.

5: Were you right about the market? (After the trading session)
I was right about it choppy up, it tested 1.2760 level, but then fail back to 1.27 at close. I was wrong about the relationship with ES and ES turned to red after all.

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?20

what's the daily limit and daily risk now? 60/20/3



TILT again, mini TILT. it happens when I'm almost done for the day, it's probably the last move of the day for e/u as well.

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