Tuesday 22 November 2011

Another day for gain

9.45am Wednesday..
Was not able to provide any update earlier. For some unknown reason, stocks and forex went crazy 30 mins ago . Big price movement, the play of BB, I waited for it to settle down to see if any nice formation has been form for me to buy/ sell. Sad to say, as of now,..nothing.

EA pair,..during that crazy price movement, 1K was stopped out at a loss of about $11/- Only 1 order remains and at high risk of stopping out too. Looking at this pair, although it was unable to break it's very strong resistent, it wasn't ready to move down too. It stayed in that low range for the past 8 bars of 4 hours each. My SL is only 16 pips away which will likely be hit within the morning unless price decided to plunge. I am going to leave it alone since the losses is acceptable. Just wait to see who get exhausted first,..although I know i am looking at the mirror.

Gold is also stopped out at a small loss, prices fal to kill it and then moved up as of now. Gold price is hoovering around 1707.

Going thru' the 10 pairs from weekly to hourly chart, there is nothing that stands out to call for a long or short and I decided to go with the flow.. wait for indication.

Current outstanding order 1K EA short pair.

Cash balance 303, Net 297

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