Friday, July 10, 2009

Trade 27 setup: MQG riding the wave again

I feel I would be taking too much risk holding asx200 overnight, as there seems to be some talk about a possible bounce through some key levels in the US - which would probably see me risking 200-300 dollars if the ASX moves about 50 points overnight.

But I still wanted some exposure for my bearish views so I picked up MQG short 35.90.