Friday, July 10, 2009

Trade 26: asx200 FRIDAY NIGHT LIGHTS

I decided to try and go for a scalp trade in the last minutes of trading, due to favourable technical indicators, namely a strong resistance point and possible after hours weakness based on uncertainty in US markets.

As you can see it was a most beautiful scalp, a trade based purely on the technicals (as there were no news pending) with a good risk/reward = 6/11.5 points.

I shorted the standard 5 contracts for $57.50 profit and I'm now IN THE GREEN on the trades so far. Only up $17.37 - but heck, I'll take it given the amount of mistakes I've made so far.