Europe - U.K. AV sell profit

[Tony Beckwith]

Hi to traders on the European markets

The AV [UK FTSE100 component stock] Sell I covered in the last Europe sales webinar continues to gather profit.

Automatically found by the EOD scanner after the 11 Dec 07 session, price is currently trading down in London, in the 1st profit target.

Training lesson - the initial protective stop could be lowered to break-even when price reached 100% risk 2 days after the sell signal...a free trade since then...

Result: +4.2x profit at yesterday's close

Thanks

Tony.

[Tony Beckwith]

LATEST

just closed in London -.23 (-3.8%) at 581.50 ...

Tony.

[Tony Beckwith]

UPDATE

Chart shows close yesterday. Just bounced off 523 low this morning in London.

Thanks

Tony.

[Tony Beckwith]

UPDATE

Trade management lesson - 2 Buy set-ups were automatically found by the EOD Scanner on the way down with this sell/short position...

However, both were invalid because the STF trend indicator was red at the time, supporting a downtrend.
The STF should be blue/black for a long position; red/black for a short or sell position.

The short is currently protected by the trailing stop at +4.1x profit.

Thanks

Tony.