Daily momentum for me is looking bullish since the break of resistance last friday.  As the market opens it is making a pullback to the new support level.  I will enter on a break of the swing high looking at the 1 hr chart and put an initial stop just below the swing low. (risk around 70 pips) . If the market moves below the swing low i will re-evaluate the entry .

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Comment by talisman on January 30, 2012 at 10:13am

I have cancelled this entry order as the market has continued to move downward below the swing low on the 1 hr

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