Friday, 12 September 2014

$EFOI Trade Recap




$EFOI had a big run the prior day on some PR. After a huge run at the open, it settled down and struggled all day to break 8.50 






My plan was to short into any gap up, paying attention to 8.50 level; had it bounced off that level I'd cover, if it snapped I'd add. 
In pre market I added a few at the 8.30 jic it opens and fades; I was glad to see it climb further, I actually shorted the top tick, and added when it promptly broke under 8.50; 









* buys/covers are marked on the charts in blue, sells/shorts in red *


I tried to be as patient as I could with the covers, however I did cover the majority over 8 with only a few as low as 7.30s


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