Saturday 17 January 2009

ES2009011601


Hitting myself for not shorting @ the start of the day.
Saw the bounce of GH off 13/1 support line, good opportunity for short.
The reasoning behind that was that it is too close to YHOD.

Need to step back and look at the bigger picture. The whole trend was down. this is a perfect place to short for a long run, it end up moving down 30pts although its a slow start 

If I short at 854, Stop 858, T1 848, T2 828.
the RR will be 1/1.5 and 1/6.5
profit will be 16pt/car