Tuesday, May 8, 2007

Trade Nbr. 43 - 2007

Short June 07 Crude Oil: Entered on May 8th - Closed on May 8th.

Short: 61,40 -- Initial Stop: 61,58 -- Covered: 61,26 -- Result: 0,77 R

Bearish in Screen I - Attractive value in Screen II - Entry Set-up in Screen III - Covered around the support of the trading range, as the market was choppy since the entry....

Comments : Good execution. Screen I is indicating a serious loss of momentum which was indicating that the odds were not very good to get a continuation of the trend.... Good exit !!

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