Friday, April 18, 2008

Second lot is doing well. The initial stop loss set under the 50% fib of the 4hr bar hold through out the night. The price bounced off my 30mins trigger line. Its the normal retracement on profit taking after a big move. Overnight the price reached a high of 204.40. Now it should be standing at 203.84 to 94. My entry for this is at 201.03. Second lot is doing great with around 295pips nearly 3K of profits. I'm satisfy with this trade call. Had been following the market periodically to wait for this to happen. Trade your plan, Plan your trade. A roadmap approach ensure me to be in control of my emotion and direction of my trade.
Will update the close of the 2nd lot later. I had shifted my SL close to the current price as today is a friday I'll not put my hopes that it will continue to be on my side thru out the day. Will not be seating next to my trade therefore SL is the best management.
Thursday, April 17, 2008
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