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 trade

Copper which was sold at 399.60 was reversed at 405.60 on 18th May
Posted by at 6:09 PM 0 comments
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Wednesday, May 11, 2011

Copper trade

Copper bought@406.00 on 09th May.

Booked loss and SOLD@399.60 on 11th May 1.00PM

Will add more at 395 and then at 392.

SL 406

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Update : 16th May

Copper is testing patience as it swings both sides. short@399.60 still in hand and it is trading in the range of 398-400 today.
Posted by at 2:13 PM 0 comments
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Crude oil trade

Crude oil bought @4632 on 10th May.

Made high @4640 yesterday and closed at 4610.

Opened higher @4651 and trading in the range of 4650-4670 today on 11th May.

SL 4520 and let me wait..

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Update :

Since it was trading weak, i decided to book the long at 4650 to re-enter at low and booked the same on 11th itself. It fell in the evening up to 4422 and i didn't reenter into long. Now no position in crude.
Posted by at 1:25 PM 0 comments
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