Back in the game - hopefully

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Back in the game - hopefully

Postby phooper » Sun Mar 14, 2010 10:55 pm

Dear all,

This is my first trade since blowing my account 2 months ago.
Since then I've really been concentrating on paper trading and micro accounts.
Could somebody please look over the analysis and comment for me.

Cable

Strong resistance at 15225.3 - 38.2% fib of Feb 17 high and March 10 Low
Hanging man tail touched 15217.9 on March 12 @ 16.00 hours
Sunday 22.30 price was 15178.4
Strong support around 15033
Place short order @ 15176.5
50 pip SL ( 15226.5 )
TP 15079.5

Analysis done on 4 hour chart

Many thanks
Paul
phooper
 
Posts: 3
Joined: Tue Dec 01, 2009 9:14 pm

Re: Back in the game - hopefully

Postby phooper » Mon Mar 15, 2010 9:17 am

This trade is going exactly as planned so far.
TP removed. Will wait for candlestick confirmation of reversal around the support area.
phooper
 
Posts: 3
Joined: Tue Dec 01, 2009 9:14 pm

Re: Back in the game - hopefully

Postby phooper » Mon Mar 15, 2010 9:24 am

Actually, decided to stick to the original plan and closed out at +107 pips.
phooper
 
Posts: 3
Joined: Tue Dec 01, 2009 9:14 pm


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