I initiated a long position in BTU today and it has pulled back to trendline support. Although its broken through as I write, but ill give it a bit of breathing space and see how it goes. I wont be hanging around for long though if we are looking at another correction in these markets.
Entry: 64.80
Take profit: >75
Stop loss:60
Thoughts and commentary on daily market action, plus my trade log in equities and futures.
Tuesday, 12 April 2011
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