- Initial trades : Sold ESM2 @ 1328 and 1321.
- Post NFP : Sell stop triggered at 1284.5. Added on at 1288.
- Average in short at 1305. Trade status upgraded from tentative to serious.
- Close below 1290 last Friday = bad sign. Original stop >1350 can now be tightened to just >1300, so have worked into a reasonably sized short (31%) that is at worst breakeven now.
- Direction down is clear to me. Worry now is whether we go back up to form a right shoulder around 1350/1374 before the big bear; I would prefer straight down but of course, it's never ever so easy (eg wall of money, QE3, etc).
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