Following on from yesterday’s post the FTSE went all the way back up causing my total running loss to increase to 400 Euro. The good news is that I held out and sure enough a sucker bow was landed and the FTSE is back down where I want it. At 13:30 today the US GDP results came out and remain unchanged followed by more grim unemployment figures. Dow futures are now trading at -82 and hopefully the bit of downward momentum will continue.

I have a stop at 6000 and the FTSE is now trading 5990 which would give me a profit of 200 Euro. My second position a -2 sell at 5900 is looking a little better but could use a bit of help. Here is a bad trade story to counteract my good trade, every dog has his day.

http://www.paddypowertrader.com/blog/index.php/2008/02/28/going-back-to-bed/

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