Tuesday, December 8, 2009

Trade 209 - TSE



Short 450 TSE @ 3.98

Strat
1/ ASX showing weakness past 2 days
2/ TSE Daily chart has formed HS

Tactical Entry
1/ the hourly charts have formed 2 tops @ 4.07, the entry would be the break of the 50MA and trendline
2/ Looking for a breakout below 3.80 for a 3.40 exit

Risk
1/ 4.09 stop
2/ 3.44 exit
3/ 11/54 risk/reward