Tuesday 16 March 2010

Out again

Pretty fast turnaround on the Dax today.

Hit sell signal this morning with 5950 as entry level, but have cut earlier because of both the time stop getting close (6 hours) and the fact that both Bunds and EURJPY are rallying. This is not ideal for a continuation of weakness in stocks, and thus I have covered the shorts with very small profit.

Quite frustrating, as this is the fourth trade in a row that starts well but ends up being pretty much a scratch. Back to the drawing board, waiting for next set up.

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