04 December 2009

Nikkei 225 : Re-short at Neckline

  • This has now rallied all the way to the weekly SHS neckline at 10000.
  • What to do? To short or not to short?
  • As a firm believer of technical chart trading, I have no option but to put in a position here. If I allow myself to pick and choose when to follow and when to dis-regard trade signals, I might as well fly blind. And then consistency of performance becomes a big issue.
  • Fingers crossed. Fresh short in tiny at 10000. Things are going so badly that I am now down to trading single contract.
  • Addendum 05Dec09 11:21 am : Stopped out at 10105 post NFP.

No comments: