Tuesday, February 22, 2011

Trade 569: short asx, another blue ball.

This trade was a repeat of the stops being moved to my entry level working
against my overall trade. The vertical line shows the entry point, in which we
see a 10 minute breakout to the downside.
Then another test near that entry level - where we move our stops as the market sells off and subsequently gets closed out before selling off
quite hard into the euro session.
The Libya tensions added to the risk off woes and the trade with the 60,000 position
would've been a huge gain for my book if I hadn't been hasty to move my stops.