Monday, March 2, 2009

LONG FAS

bought: 4.078
sold: 4.13


reason for buying:
- spy broke down 71 but won't go down any further/significant buying support just below 71.
- stochastics slopping up on 2 min time frame of spy..diverging the consolidation just below 71 on spy.
- on breakout of down trend on 2 min spy
- same conditions true on fas 2 min time frame
- buy on break out of fas wedge formation on 2min.

reason for selling:
- got nervous on customer distraction; yes, business comes first.


good trade according to plan

update:
gotta be honest though.. i would have been stopped out at similar levels if weren't for the customer...market too unstable...scalping only.

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