Thursday, September 17, 2009

#19.7 on Silver (P)

Short @ resistance line of ascending channel
SL @ 10-15pips behind the line
TP @ opposite side of the channel / end of the week



1) SL @ breakeven as templates mention that this is a counter-trend trading

2) Supporting detail :
h4 TL broken with template #20.6
-ve div (yellow) with target 16.00

3) Adjustment :
TP 1 : 16.00
TP 2 : AWR / End of week
TP 3 : Opposite side of channel



Conservative TP 1 @ 16.30



Hit TP 2 @ 16.05
Remaining awaiting for TP @ opposite of channel / end of the week



Remaining hit SL @ 16.65

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