November 13 2008 – 2 Targets met… | The Chartist

ASX Commentary

November 13 2008 – 2 Targets met…

Fri, Nov 14, 2008

The US indices finished very strongly but thankfully early weakness enabled 2 short trades to meet their targets and profits were banked. The two trades, BEAV and MTRX, are shown below:

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The other trade executed last night was a breakeven trade in NST. We have one open trade left where the stop is also set at breakeven. There are 4 new setups ready to go tonight. Fills from last night:

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Click to enlarge

The account is now +10.2% in 6-weeks. This may not appear to be a great deal, but we’re only using 0.5% risk on each trade which equals a return of 20R. If you use the standard 2% rule then we’d be +40.8%…

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Click to enlarge

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Nick Radge - who has written 899 posts on The Chartist.

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