Thursday, January 4, 2007

Trade Nbr. 1 - 2007

Short Feb 07 Crude Oil: Entered on Jan 2nd - Closed on Jan 3rd.

Entry: 60,80 -- Initial Stop: 61,25 -- Covered: 59,78 -- Result: 2,25 R

Bearish in Screen I - Pullback to value in Screen II - Entry Set-up in Screen III - Objective reached within 2nd bar on Jan 3rd (reached lower enveloppe in Screen II).

Comments : Good trade, traded according to plan. The market totally collapsed later on, have to work on a trailing methodology...

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