Monday, June 25, 2012

Update: FTSE 100 short trade


his trade has progressed well and I have been trailing my stop all the way down (brown lines).

The price has made a lower low but the indicators are up (red lines) and this represents a bullish divergence.   I am therefore expecting a retrace against the trade but my stop is in place and I hope it won't be hit so that I can participate in the onwards ride down.

In any event this has been a nice trade and I've managed it well so I am a happy with that.

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