Thursday, June 28, 2012

27th June 2012 – It is time for 2 ‘shorts’, AN-V me?

Buy $

Sell $

Short $

Cover $

Stop Loss $

Profit / Losses

Duration

 

 

27.50

Avg = 27.22

 

30.96

 

 

temp 

Reason for Buy / Sell / Short / Cover:

 

  1. From the weekly chart, it shows that price came up all the way and get into the upper part of downtrend resistance line and then get sold off again.
  1. Intraday chart also shows weakness and price is now bar by the 20MA line.

 

Lesson Learnt:

 

  1. This short is not going to be easy.
  2. When the price came up to @30.00, I was actually thinking of adding to my short at that time, but did not obey the rule and short it there. What a waste. Again, this show my weakness in making trade.

 

Intraday Chart

clip_image001

 

Historical Chart

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