Thursday, January 19, 2012

Back in Again–Trade update

Market showed reversal back to bullish direction and went in when the signals shoed itself.  Momentum signals showing overbought status for the daily and one of the shorter time frames.  A possible sideways movement can happen or even a possibility of a reversal again in the coming few days.   I am still waiting for a place to properly place secure profit stops in the shorter time f
frame.

Current live trade status.
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Trigger Analysis(Click to view picture)
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X marks the point for my entry stop which was triggered a few hours later.  now looking for a point to place initial secure profit stop.  I’m hoping market gives me room for it in the next few days.

Happy trading! Smile

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