Tuesday  29 July 2014

Stopped out of the half-position at price, 17.60

21 Jul – Buy 17.30
29 Jul – Sell 16.60

Loss = 70 tics, $770 plus $15 commission per contract

The entry was similar to the purchase of crude oil on the 14th,
buying a break on a strong volume rally day, but the somewhat
oversold condition was countered by a sideways move that led
to the stop out.  It was a calculated probe to buy based on the
weekly chart, and we expect to revisit this market, again.

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