Thursday, June 16, 2011

June 15 Trades: Shorts - MOS, USO, SPY

Shorted on the break of 3rd bar low. Added to the position after it formed 2 NRB's. Took partial along the way and folded the remaining position $64.60.

I took a small position in OIL short. WRB followed by 2 NRB's. Break when low of the 2nd NRB was taken out.

Took me 2 attempts to get this right. Shorted first on the break of 15min - 4th bar low which ended in a small loss. Price moved sideways to reach the 5 EMA. 8/15 closed below S2 and shorted when the trendline was broken.

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