4-12-07 - Short Dow Jones Index

Short @ 13336
cut @ 13501 (max loss = -$165)
profit @ 12900 (max profit = $436)
risk : reward = 1:2.64

daily
=====


1hr
===

4-12-07 : AAPL is not looking good

The daily chart shows support of MA20,50. MACD is still above 0.

But 15min shows price has broken out of up channel. MACD fallen below 0.

Thus short term is bearish.
Will wait for daily chart to be more bearish (eg. price fall below MA) before initiate a short position.

daily
=====


15min
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4-12-07 : BSC put trade

I will short / put BSC tonite.

Short trade setup
=================
short @ 96.50
cut @ 100.50 (max loss = $4)
profit @ 91.50 (max profit = $5)
risk:reward = 1:1.25

daily
====


15min
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4-12-07 : USD-JPY Short position

Short USD-JPY @ 110.17
cut @ 110.60 (max loss = -$43)
profit @ 109.00 (max profit = $107)
risk:reward = 1:2
reason to short :
Daily : At top of down channel. ERF#1
1hr : break up trendline. Break below 110.40 resistance.

daily
====


1hr chart
========

4-12-07 : RIMM gets Hot Wet Blanket

Now that its below MA20,50, hot wet blanket forms, and its time to put the counter.

daily
====


15min
====

4-12-07 : GS bearish

GS falls outside the up channel as well, just like GOOG.
Except that it fell out of channel last Fri, and stays outside the channel
yesterday. 15min MACD is flat at 0 area.

I prefer to sell GS call if any. Not going to initiate any short position either.

daily
====


15min
====

4-12-07 : GOOG turns bearish

GOOG is still above MA20 in daily chart. But for 15min chart it broken the
up channel, and MACD stays below 0. Thus i'm not too bullish on GOOG at this point.
I will sell any long position. But will not initiate my short position yet.

daily chart
============


15min chart
===========

4-12-07 : Short Crude Oil

Trade setup
==========
Short Crude Oil @ 88.39
Cut @ 91.2 (max loss = -$273)
Profit @ 84.82 (max profit = $439)
risk:reward = 1:1.6
Reason to short : break daily trendline support.


daily chart
===========


1hr chart
=========

4-12-07 : Long EUR-USD

Using my parallel channel trading concept, EUR-USD has reached upper channel bottom. Its time to "bottom Fish" this pair.

Its a bit risky coz there's no rebound from trendline yet. Thus not a ERF#1.
We will see if this trade turns out ok.

Trade
=====
Long EUR-USD @ 1.4639
Cut @ 1.4580 (max loss = $59)
Profit @ 1.4900 (max profit = $261)
Risk : Reward = 1 : 4
Reason to long : Daily chart is at trendline support. 1hr chart is at 10 days double btm.

daily chart
===========


1hr chart
===========