Wednesday, December 16, 2009

Trade 214 - RIO




Short 80 RIO @ 70.82

Strat
1/ Daily uptrend is stalling
2/ Commodity Prices falling
3/ Baltic falling

Tact
1/ Hourly pitchfork and 50MA entry

Risk
1/ Stop - 71.14, just above the price consolidation resistence
2/ Exit - <70
3/ 32/68