Traders Laboratory - View Single Post - Week 51
Thread: Week 51
View Single Post
  #9 (permalink)  
Old 12-12-2006, 05:00 AM
cowpip cowpip is online now
cowpip is sharpening his horns.

 
Join Date: Nov 2006
Location: Alberta, Canada
Posts: 684
Thanks: 45
Thanked 98 Times in 60 Posts
Re: Week 51

So this morning's pull-back to near the Asian low provided me with an entry opportunity, which I took at 9590. It was looking a bit iffy for a while, but was kicked into profit thanks to the CPI news, which hit a record high of 2.7%. I banked partial profits at +40 and moved my stop to b/e on this entry in order to protect the entry against a possible whip back later this U.S. session. No point in giving back any profits. I may also raise the stop on my first entry to the indicated level, which I think should serve as support now... still mulling that over. Maybe it's a bit premature? I'd like to see price break and stick above 9650/60 first, which it hasn't yet done.

But at any rate, it's been (thus far) a reasonable add-in for me.



Reply With Quote