Thursday 19 August 2010

Trades 19/Aug/2010

AFL (gap down)

Weak relative to market and went short after pullback failed to hold whole number. The stop was above the whole number in this case. Didn't really do much after entry and closed at breakeven in the last session.

HBC (gap down)

Weak relative to market and went short on breakout after pullback. Just grinded slowly for rest of day as it didn't have momentum to reach 1R. Closed in last session for minor loss.

NEM (move up thru prev day high)

The rise above previous day's high was quickly rejected as it fell strongly down in a trend. Went short on sideways consoidation breakout as the market weakened further. Entry was not ideal as it was close to whole number. But it worked out ok as it weakened further. Closed partial at +1R then rest at +3R.

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