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.

Thursday, September 8, 2011

Trade Update

Crude oil :

Shorted it at 4050. It made low of 3843 and 3847 on the consecutive days. Didn't book the shorts as system was still in short. Reversed to long @3920 and it made high of 4153 today.Still holding the long in hand with SAR at 4024.

Copper :

Not trading for the last one month. It should have been sold at 423 and reversed to long at 419. Long from 419 should be in hand with SAR at 418.50 as of today.
Posted by at 3:31 PM
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