Wednesday, September 07, 2005

06/09/05 - 2nd trade, Short cable

Shorted at 1.8435 under the the tweezers (some call them railroad tracks), either way after a run up and especially around resistance (the 15 min top bolly line and R1 pivot), they are a powerful indicator of a direction change.

...now moved SL to B.E. +1. First target price 1.8375 - it would be nice to see it go to the fib though at 1.8320 area - we can hope.

Update - closed at 8430, down TL broken and up TL failed to hold price - I'm not a fan of headfakes...

+5

// posted by Magpie @ 9:45 pm
Comments: Post a Comment

<< Home

This page is powered by Blogger. Isn't yours?