I honestly don’t know where the markets are heading next. I cannot predict where and when the top and bottom shall take place. But I learnt it hard way, what I should do "stay" or "quit" when price is traveling beyond my reference levels.

Friday, May 20, 2011

Copper and Crudeoil trades

Copper :

Long taken@405.60 on 18th went up to 413.50 on 19th. But in late session it retraced down and got the SELL signal.

SOLD@407 yesterday with 2 lots and booked one at 405 and it made low of 404.50. EOD carrying 1 short.

Today had a flat open and it was moving up and reversed into longs@410.

Now holding longs and SL is way below at 400..

Crude oil :

After a long time, entered into shorts yesterday at 4475. It made low of 4467. Today it was trading in tight range and let me wait.
Posted by at 6:13 PM
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)