Wednesday, April 18, 2007

Trade Nbr. 34 - 2007

Long June 07 Crude Oil: Entered on April 17th- Closed on April 17th.

Long: 66,15 -- Initial Stop: 65,71 -- Sold: 65,71 -- Result: -1,00R

Bullish in Screen I (Strength Index was strong as I entered) - At value in Screen II - Entry Set-up in Screen III was not ideal but still valid - Stopped out.

Comments: Bad Exit, should have initiated the trailing stop process once the market printed the threatening engulfing candle right after the entry candle, this would have limited the loss to 1/2 R......

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