Tuesday, 13 December 2011

13th December

1 - Long Dow @ 12066.

Minimum stakes for the Christmas rally!

Stop @ 11993

2 - closed @ 12139.  Happy to take 73 points.

3 - crude spiked up on rumours Iran have closed the Gulf of Hormuz.  Ive missed the main spike but i think it will still retrace slowly. Absolutely critical to use a gauranteed stop in situations like this.

Short Crude @ 9977.

I am not particularly happy with the entry price i've gone in at here, quite a risky trade, and i am breaking my rule of only trading FTSE/DOW!

Stop @10019.

not looking good on this, -28 points down and lots of spikes to near my stop.

out for -50 points +2 for the GS.  irrirtating, broke my rule not to trade crude. perhsps one day i will learn.

Daily profit = +21 points.

4 - long the dow @ 12027, large sell off in the last couple of hours, i think 12000 will hold and this could be a decent entry point. Tight stop @ 11990.

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