Wednesday, August 7, 2013

Equity:925.25 - Upwards or downwards?

Lost the trade from the previous post.

The above has just been entered. The stop lost is around the same distance as the limit stop. Maybe it is because I see  from the chart that it has already been going upwards for quite sometime.

Another reason I entered the trade was because I think there is news that US will taper its lose monetary policy next month. Therefore in the long run, it should be strengthening.

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