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No brainer trade = $560 profits.

Price has been below the moving averages for the close of yesterday and when it opened today, there was a slight pullback to the moving averages, this is exactly what I was waiting for. A pullback to short it. I shorted 1 contract at 1578 and another 2 at 1572.5 with my profit target at 1565. Stop loss was at 1583. The trade lasted for about an hour with $560 profits. This is one of the profitable trades that is simple and no stress.

Posted by Michael Taylor on June 6, 2006 6:14 PM |

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