Friday, October 15, 2010

2010-10-15

1: daily is up 3hourly up hourly up 15minute choppy 5 flat
2: News to come is: 6:55 Umich
3: What's the main event just happened that move the market? and is it trendy? not much overnight, Ben talked 5:20, we spike to 1.4160 in 2 minute and then retest it after 5:30 CPI Retail number. Now we pulled back at 1.4090 level.

4: What do you think the market will do today? we should go up, however, we have been up for a long extended time, so a turnaround is also expected. As well as it's a Friday. So take it easy.

5: Were you right about the market? (After the trading session)

6: What's the trade? Is it related to the previous loser or winner? buy 1.4050 or short 1.4160.
Do you take half at 1R?
How many pips it risk?

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

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