Trades for 11th January,2013

 

Trade   1                                        Only one!!!

Long     CLF                      Last night we had computer problems. So we could not post our usual watch list.

                                        I caught this in the morning  at open  with the corner of my eye.

                                        This was a very fast one minute trade. We only managed to just call out the trade as we entered it.

                                         Entry    35.75/Stop 35.64

                                        Target   1          36.00                       1/2 +.24

                                        Target   2          36.20                       1/4 +.45

                                        Target   3          36.50                        Never  hit.   We covered 1/4 + .25 

                                       risk/Return        .11/.45            =400%

                                       This whole trade took only     6 minutes.

                                       You  have to use  hot keys to trade these. So the mastery of your  platform is crucial.