Monday, October 3, 2011

3rd Oct 2011–The collapse of Europe… the begin of Dragon Age!

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

60.80

 

 

 

54.00

 

 

 

imagesReason for Buy / Sell / Sell Short / Buy Back:

 

  1. Overall market is very weak. All 3 indexes looks like going to collapse.
  2. My long position of GS was kicked out. That is bad news for bank stocks.
  3. Daily MACD for FAZ rebound from the zero line.
  4. The daily price actually go up from the flag formation and then retrace back for another entry point.

 

Lesson Learnt:

 

  1. This is a "Dragon". Be extra careful.
  2. Might add to the position soon for maximum gain.
  3. If OBV broke up from 300 and MACD broke up from the trend line, should be safe to top up.

 

Intraday Chart

-NA-

 

Historical Chart

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