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Wednesday, February 29, 2012

Microsoft Corporation short trade setup Profitable trade

Looking to day trade short  Microsoft Corporation (NASDAQ:MSFT) this morning. Will wait for her to fall though the prior supply zone ($31.93/$31.88) and enter on the soft number $31.84. Profit target will be in the middle of yesterdays demand zone $31.67. I will not be trading the open to much noise.
UPDATE: Still waiting for the trigger 10:37
UPDATE: Trade open $31.84
UPDATE 1519 EST: Just checked in and profit target hit at $31.67. Will post chart late tonight as I'm at the real job for 8 hours.



Profitable trade



Tried to short PHM took a .10 loss Stop loss hit. Losing trade .

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