Tuesday 28 May 2013
Stopped out of position at price, 3.3145
28 May Buy 3.220
28 May Sell 3.145
Loss = 75 tics, $187 plus $15 commission per contract
The daily price chart is holding above a half-way retracement
since the high volume rally off the early May low, and we have
been looking for an entry.
We priced into an intra day breakout that had a wide range up,
high-end close, and increased volume. That bar did not hold.
If the integrity of the overall structure maintains, another probe
from the long side will be warranted, if a set up develops.