Monday, 11 July 2011

Tuesday 12th july

Set the ball rolling early for tomorrow.
A large spike up on alcoa earnings which I think will retrace overnight and early tomorrow.

1 - With this in mind shorted the Dow @12540, small stakes base *0.33 no stop or limit yet.

2 - markets are looking nasty now, awful session overnight. Keeping the Dow short open and also shorted FTSE at 5874 base stake * 0.4.  No stops or targets yet, will monitor.

3 - closed at 5843. £67 profit.

4 - shorted again 5854. Base stake * 0.4.

5 - closed 5800.  £107 profit.

6 - closed the Dow short at 12477. 67 points and £67 profit.

That is enough for the morning. May look for a further trade in Dow session.

Wow, what a rise on the indices, hard to forecast which way we are heading but i think there should be a brief pullback leading up to Dow open.

1 - short Dow 12538, base stake * 0.33

2 - closed at 12509, 29 points and £29 profit.

3 - long 12506. Base stake * 0.33.  Targeting 12540 ish . Stop 25 points away.

4 - added more long at 12523. Base stake * 0.66.  Looking bullish to me. Now at full stake on Dow. Average open  12518. Stop 12510. Tempted to leave into close of Dow but given larger stakes will keep an eye on.

5 - stop hit for £-33 loss.

Had enough for today. £237 profit. Been a good day and been lucky too!

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