Monday, January 11, 2010

#1+2


Posting today's (Monday's) trades a bit late as I had to head out immediately following trading today...

#1: Price had moved up during the European session...there were some key areas where it had bounced and/or reversed from, and one of those key areas identified was around 1.4505, got yellow here and in for a couple

#2: price continued down and pushed underneath the 1.45 level, although we didn't get yellow, I waited and took a price action buy..reason for the trade was 1. we had moved down quite a bit and i was expecting some sort of retrace and 2. we were close to the dow opening and futures were up, meaning i was expecting pop at least initially when the stock market opened

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