There was some pretty good action on pretty light volume - it was painstaking to watch as the moves took a lot of time to plan out, but with patience, they finally came around.
The Double Fall Line Trade - USD/CAD - 15 pips immediately with a risk of only 10, so a 1 to 1.5 risk to reward ratio. A very high probability trade allows you to go for 1 to 1 or 1 to 1.5 risk to reward:
There should be some great opportunities over the next 3 days:
- Bernanke vote
- FOMC statement/rate change
- Earnings
- Obama
- Overall addition of new volatility
You can find out more about trading plans and taking advantage of volatility in my class at the U:
http://continue.utah.edu/lifelong/detail.php?title=Introduction+to+Personal+Trading+and+Investing&subject=llbus&catalog=180§ion=1
Seats are filling quickly!
I will also be conducting a one day class for Deer Valley employees on 02/18 at 5pm. Finally, you can attend the next (free) meeting of the Park City Trading/Investing Club on the 15th of Feb.
Speaking of Deer Valley, Lady Morgan Bowl was on the verge of epic - the tree line had face shots for about 3 straight hours on Sunday.
Locals Have More Fun will be at its first event of 2010 when we attend Mom's Day Out at the Sandy Expo Center.
Have a great week of trading and Be Environmentally Cool with Locals Have More Fun Apparel
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