Monday, November 9, 2009

New Trades

This morning I set two new trades, below is the risk profile of both of them.

The dollar is coming into a support area that might trigger a short squeeze, and could make the equity market soft. I would watch the support at 75.05 on the dollar index future, if we bounce we could see a 50% retracement from last resistance. Also I will be selling the market as close as I can to 1100 for a double top pattern or long dollar or long vega would also work.

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