2010-11-09

BTW: I short gold at 1421/1420, stop 1424, target 1413/1414.

1: daily is up 3hourly down hourly down 15minute up 5 up
2: News to come is:
3: What's the main event just happened that move the market? and is it trendy?

4: What do you think the market will do today?

5: Were you right about the market? (After the trading session)
Today is a nice day for the market EUR leading the way of dropping and Yahoo headline is EUR concern drops the stock. I guess after all the news (FOMC NFP) out of the door, now traders are focusing on EUR's debt problem. Gold made an all time hight and fall back to 1390 level. EUR/USD dropped 1.3770 level after testing 1.3960.
I don't have a specific view of where the market will go from here, although I am happy it dropped as I have some longer term position on long EUO and long SDS

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

what's the daily limit and daily risk now? 60/
have no idea of where the market is going, ES is also choppy at +3 to -3. Market is tired after last week's big move.

The gold trade was stopped out right at the top, crap. Shorting gold was a mistake as well, as it's at all time hight, I would go long if it's EUR/USD.

The pop today is exactly on 1 hour chart, and then EUR/USD just give the ground for long, keep falling until 1.3750 level..