Saturday, July 28, 2007

Trade Nbr. 77 - 2007

Short Nov 07 Soybeans: Entered on July 27th - Closed on July 27th.
Short: 839 4/8 -- Initial Stop: 844 6/8 -- Covered: 843 2/8-- Result: -0,72R

Bearish in Screen I - Pullback to value in Screen II - (Late) Entry Set-up 1 in Screen III - Stopped by my trailing stop.

Comments : Bad trade. Entry was "forced" : I entered too late and then I was unlucky with the trailing stop. The market reversed in a few seconds just as I was adjusting my trailing stop from the 843 2/8 level down to 840 2/8 once the previous candle was completed....This would have reduced the loss to almost nothing....

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