Thursday, February 12, 2009

long FCX

bought 28.63
sold 28.79

Don't know why I exited it so soon. Maybe because of a little bit of cold i'm catching on that's making me a chicken shit.

anyway, any gain is a good gain.

Why entered:
nice double bottom formation on 20min
All ma's 5,10,20,50 raising on 20min supporting the price action
entered just before the breaking of wedge on 5min and ascending triangle on 1min time frames.

Why exited:
again, felt like a mentally unstable chicken shit. another reason why you should trade minimum when not feeling well.

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