Tuesday, January 23, 2007

Day Trade: Long ICE 15-min chart

Entry @ $125.66 / 700
Exit @ $129.38 ***update 2:31pm***




Entry : $125.66




Size : 700




Exit : $129.38




Stop Loss : $124.95




Risk : 0.71




P/L : $2,604.00




R : 5.24

This is a support/bounce trade. The first 4 csticks formed what is called a FLAG along support area which generally represents pivot/trend change. Entry was on the break of the high of the 4th cstick.

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