Thursday, April 19, 2007

20070419 - CPWR - 15mins - Gain*Paper

Symbol: CPWR
Type: Short
Entry: The beginning of the 8th bar
Exit: The 15th bar
Result: Gained +0.26%

The 7th bar of (CPWR) came crashing down beyond the Opening Low, and I immediately entered Short at the beginning of the 8th bar, using the falling 5eMA as Protective Cover. The 11th to 13th bar failed to extend the drop further, and that's when I knew that this trade might run into issues. When the 15th bar crossed the 'now-flat' 5eMA, I have decided to exist the trade, and pocket the small change.

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