Tuesday, April 14, 2009

April 13, 2009 Monday Trade 6 Short 2 Contracts

Shorted slightly below yesterday's close level, but this entry was going against a recent trendline break (a somewhat large 60 minute bull flag breakout) so was a bad idea. Also, the yesterday's close resistance is not as strong as the yesterday's high (since Friday was a trading Holiday, Thursday's close) level so I should have waited for yesterday's high to be tested.

Trade 6 (Short 2 Contracts Stopped Out -2 points):
Trade 6 Screenshot

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