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.

Sunday, July 17, 2011

Trade Update

Trade details of 15th July :

Crudeoil:

Shorts were in hand from 4319. It bounced later in the evening due to no negative outcome of stress bank results and made high of 4347. SAR was placed at 4350 hence shorts were saved by mere 3 points. It later closed at 4309 on friday and closed at 4329 on saturday. SAR is at 4370 now and still carrying shorts.

Copper:

Still in consolidation with small range. Holding the longs with SAR at 431.50
Posted by at 12:07 PM
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