Thursday, November 3, 2011

Transaction (FX)

Yesterday position closed.
Last night opened another position after BKO, Short position opened @ 1.5945, earlier preset SL 40 pips but manage to move SL to entry (floating profit 50 pips), target shift to 1.5800 (145 pips).

Last night shorted YM, and very bearish after CNN announcement (forgot what was the news bcz I am half way sleeping), I shifted my SL to entry but market reversed and killed my position.

Market has fulfilled 1/3 retracement after the week's fall and I believe the market will continue consolidate for a while, going to test Tuesday low again near 11550 region.
Resistance at 11800.

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