Thursday, July 26, 2007

Trade Nbr. 75 - 2007

Long Sep 07 T-Notes: Entered on July 25th - Closed on July 25th.Long: 106'15 -- Initial Stop: 106'11 -- Sold: 106'19 -- Result: 1,0R

Bullish in Screen I - Pullback at value in Screen II - Entry Set-up 2 in Screen III - Sold as the market began to reverse due to the bearish divergence in Screen I.

Comments: Solid trade. Good exit. The key was to be extra cautious due to the bearish divergence in Screen I that was indicating a potential loss of momentum...

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