Good MAE from North Carolina. Beautiful morning here.
EFSF got it's vote from Germany
US unemployment and GDP better than expected
European stock markets are up
US indices, oil and risk currency futures up
USD & JPY futures down
US bonds mixed
Looks like a risk on trade for this morning.... US stock markets will likely open higher and rally first thing but that's always subject to change as soon as some talking head starts jawboning.
I am long Eur$ @ the small demand zone on the 60 min @ 1.3617 with stop @ 1.3597 and targeting the bottom of a supply zone @ 1.3740 Once she reaches todays highs again I will move SL to BE and let it run.
Reward 123 pips
Risk 20 pips
R:R 6:1
Position sized with the risk in pips to not exceed 2% of risk capitol.
Trade safely
Mike
EFSF got it's vote from Germany
US unemployment and GDP better than expected
European stock markets are up
US indices, oil and risk currency futures up
USD & JPY futures down
US bonds mixed
Looks like a risk on trade for this morning.... US stock markets will likely open higher and rally first thing but that's always subject to change as soon as some talking head starts jawboning.
I am long Eur$ @ the small demand zone on the 60 min @ 1.3617 with stop @ 1.3597 and targeting the bottom of a supply zone @ 1.3740 Once she reaches todays highs again I will move SL to BE and let it run.
Reward 123 pips
Risk 20 pips
R:R 6:1
Position sized with the risk in pips to not exceed 2% of risk capitol.
Trade safely
Mike
I don't care which way the market is going as long as it's going my way