20070413 - VAR - 15mins - Gain*Paper

Symbol: VAR
Type: Short
Entry: The beginning of the 7th bar
Exit: Half way through the 21st bar
Result: Gained +0.33%

I was also monitoring (VAR) today, watching it fall below the Opening Low. I checked the Daily chart (see 1st chart above), and noticed that a possible Resistance point is also the same as the 3rd bar low. Therefore, I was waiting for the prices to clear the Opening Low to enter Short. The 7th bar cleared and I entered. But it never went the way that I had hoped. I tightened my Stop-Cover closer just in case the 'bad' unpredictable happens. The Protective-Cover triggered during the 21st bar, resulting in an extremely small gain.