Tuesday, November 23, 2010

London open Tuesday

Fibre

Entered a last-chance buy @ 3541, with a stop-and-reverse at 3526.


Stopped out for 0.2% loss. Sell order is now in play.

Added sell at 3557; add limit sell at 3597 (deleted).

Added pending sell at 3505, triggered.
Cable

Is another possibility, but the sell signal occurs just before Daily support 1.  I will pass.

Cable update (1AM): Not trading was a great choice -- cable's gone basically sideways all day.  Gold dissappointing too.  Update Gold has gone for a +130 rally, again originating in that 12am to 2am yellow zone.

Yuppy

Set pending sell @112.81, SL as indicated:


Sell triggered, now in play.

Summary: All trades closed.  I decided to exit based on a rough 3:1 risk ratio.  Managed to catch 240 pips on fibre, 137 on yuppy.  Works out to be 5.1% up for the day (3.5% for the week).



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