Friday, September 4, 2009

Trade 81 ASX short

3 short asx200 @ 4444

looking for late afternoon selling, payroll numbers tonight, expected to be bad, i'm hoping worse than expected.

stop loss 4452, target at least 16 points - 4428.

Tick falling
50MA resistence, downtrend

Market fell as expected, however the trailing stop loss of 7.5 points triggered, and I got out at 4437 without hitting my 4428 target. Only got $21 out of the trade, definitely would've hit my target if I was able to stay in front of my monitor.

Still completed a great week of trading, where I didn't book any losses. Hopefully the payrolls come out crap and I make money on my shorts next week.