14 Jun 2010

Short Dow Jones

Looks like a good set-up short - the dow sank on the closing session (that the pro's own!) and there is evidence on the xxxyen pairs that tomorrow will be negative for stocks. (Edit - this order never triggered and shows the strength in being patient and not trying for tighter entries into hammers etc on lower TFs. Always leave your entry a few pips above/below the candle!)

Long set-up on USDCAD

Possible long set up -123 with a hammer at a HL. Obama's comments on oil could hurt the CAD