SPI Trading 14th February 2008 part 2

10:15

Expectation that the best entry for longs was a re-test of the Weekly and 5-day 50% level, and a high probability pattern was an R44 spiral low....

If the market reached 5633 on open(Previous 5-day 50%) I would have shorted price down before trading longs, but it didn't reach resistance.

Entry Longs 5594 (Weekly 50% level) Stopped 5589 -5 (Trio R 11 Break)

Entry Longs 5582 (R44 lows) and added 5589

Exit 5599
Exit 5616

Trailing stop @ 5589 holding 1 lot with the expectation that price can break 5633....