Wednesday, 21 July 2010

Trades 21/July/2010

LNC (gap up long)

Initial strength relative to market as it stayed above prev day high. Entry of break of resistance as market strengthened. Didn't work out as planned and stopped out for loss.

MHS (gap up fade)

After gap up it sold off falling heavily thru previous day low. Entry off break on bearish candle marked as it was weakening relative to the market. Closed partial at 1R (near whole number) and closed rest at 3R for an overall net 2R gain.

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