naah, both stopped out. what the hell is this movement anyway?!?
http://i.imgur.com/dcxny.gif?1
http://i.imgur.com/gBwk4.gif?1
It is always easier to trade with the (bigger) trend. H4 and daily TFs already suggest that the price will go south.
With pa one can go long and short. However, given the problems in the Eurozone, my bias has been short EUR:USD, short oil, GLD and SLV (although SLV is hitting a support level for the 3rd time). Having said that, the Fed, ECB and BoE can throw a monkey wrench into the the matrix at anytime. Twist, Qe3, etc. etc.
When I have a strong bias, I like to stick to one side of the trade. However, cracks are appearing on this side of the pond too:
