Monday, July 13, 2009

The weekly evening star and daily triggers - Correction

This is a correction to the stop loss point mentioned in the previous blog.
I had said the "halfway of the weekly red candle plus 50, at 4450".

When I look back at the week in question, the open was at 4583
and the close at 4313. The halfway point is 4448. A fifty cushion
gives the stop loss point at ~4500.

We are still in the trade, and profiting beautifully! In my next
posts, I will discuss the profits made on the first 2 trading
opportunities which I have presented in this blog.

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