Wednesday, January 19, 2011

1/19 pre-open

I'm still not short Euro.  I'm using the 1-minute, 157-unit M/A minus 17 cents as the trigger.  I did go short once overnight, but stopped out for a nominal loss.  Currently this M/A is 134.60 for a trigger of 134.43.  Dollar index has a completed 3 down from it's high.  I'm posting the Euro chart since that is what I'm trading (it is adhering to counts and M/As more closely than dollar index).  The Euro has just completed Minor 2 of Primary 3. 
I went short gold futures at 1372.40 and have a stop at 1381.50.
In the stock market the Daily Technical Composite remains at -18.  I plan on exiting the long stock position at -24 or a break of the 5-minute, 370-unit M/A whichever comes first.

 

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