This market came up and retested the new resistance /old support area.  There was a double touch on the hourly and i entered on a break below the swing low on the 1 hr.  Stop is above the swing high, and just above resistance area.  Target is down to the next support area about 3:1.

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Comment by talisman on January 31, 2012 at 2:21am

i thought i would add that if you look at the daily chart there is a really spiffy bearish pin bar as well

Comment by talisman on January 31, 2012 at 12:32pm

this trade has been moved to break even

Comment by talisman on January 31, 2012 at 6:46pm

this trade was stopped out at break even. i did not have the time to actively manage this trade so i did use a set and forget stop style ,  in this case it did nt work.

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