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!
Monday, 12 January 2009
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I tried Au tonight but the risk ratio was 2:1
ReplyDeleteStop Loss 973
Entry 1021
Target 1128
But no worries tomorrow is another day!