22 Apr 2009

Further loss is taken, after the unexpected sprang up. I did not expect the run in DOW.

But one thing I learn is that should the trend be down but when it break the resistance line at 1.458, I should have let go of short position.

Today, the hinge is on the 1630hrs news UK unemployment.

Trading range is from 1.452 to 1.475. As so, should it break the resistance all short position go.

I currently have short positions and heop to let go before the news start.