Tuesday, January 9, 2007

Trade Nbr. 3 - 2007

Short March 07 Corn: Entered on Jan 8th - Closed on Jan 9th.

Entry: 364,25 -- Initial Stop: 366,25 -- Covered: 357,50 -- Result: 3,32 R

Bearish in Screen I - Pullback to value in Screen II - Entry Set-up in Screen III - Covered half within 2nd bar on Jan 9th and other half within bar 13 as market was unable to break below the day's lows and Screen II was indicating oversold conditions.....

Comments : Good trade, traded according to plan. High Risk/Reward (3,32) thanks to a very low-risk entry set-up.....

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