20 July 2015

EDZ6 : Added to Short @ 98.615

  • Into 2nd round of short EDZ6 trades.
  • Daily chart : Minor uptrend line broken. Sold the break of Friday's low of 98.62. Stop on first entry at 98.66 lowered.
  • Weekly chart : Should see support in the low 50s. Plan is to exit shorts there and re-assess. Break of the weekly uptrend line would be very significant then.
  • My baseline scenario : Sep rate hike. Vigilance and diligence in shorting called for or else too easy to miss big move. Expect that in retrospect, we will look back on China meltdown and Greece as heaven sent shorting opportunities.


Taichiseal said...

Stopped out @ 98.66

Re-sold @ 98.685

Taichiseal said...

Stopped out 98.72