Monday, 12 January 2009

So close yet so far

Good evening,

I have just run through all the Power Play Long for the evening and nothing seemed to jump out.

Personally I am going to concetrate on the Power Plays until I am confident with them. After all it was what Craig did and he is very successful.

Just to see what you thought of my findings. Check out TWL. I agree the uptrend is short so maybe on the dubious side but looking over that I found the following.

Target 826.93 (I based this on the horiztonal resistance displayed a few weeks earlier)

Entry 746 1 point outside of the todays high

Stop 706 1 point outside of todays low.

Seeing as the risk was 40 points and the reward was 80 points I didn't take this trade.

It's a bit time consuming but like any new skill, it takes time to perfect.

Happy hunting!

1 comment:

  1. I tried Au tonight but the risk ratio was 2:1
    Stop Loss 973
    Entry 1021
    Target 1128

    But no worries tomorrow is another day!

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