Thursday, March 26, 2009

March 26, 2009 Thursday Trade 1 Long 1 Contract

Right after the open, I saw the first higher high and first higher low had developed (the minimum definition of an uptrend) on the open, I bought the pullback that formed a second higher low but with only 1 contract because we are going against a gap fill (which will happen on the down side today). If the price was strong enough to break yesterday's high, it could produce a big winner, but it rolled over so my trail stop was hit.

Trade 1 (Long 1 Contract +1.25 points):
Trade 1 Screenshot