Monday, 3 May 2010

Wall Street Daily quickie

My "feeling" was that with the Greek deal and no other particularly bad news I reckon that buying some Wall Street before the bell would be a good trade. Also the setup look good so I went long at 13:48 11055

As it happens I was correct and sold with a 20 pip profit (11075). A trade lasting about an hour. Of course I sold out too early as of writing the index stands at 11100. However it's easy to forget that the deal dropped to -18 at one point.

I think I should be looking for a 2:1 profit margin?

P&L +20

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