Wednesday, January 13, 2010
QM Update
Well we came within 4 ticks of hitting our 3rd traget in the overnight session. The higher time frames still look bearish despite the consolidation and drift higher. We have crude inventories coming out in about an hour. So if you see a place to take profits before then I would encourage that. I am already out of the trade beacause I am trading Ex-1 which ends on the second target. I will continue to track this though for Ex-2 through the report.