isa's short term trading journal

[isatrader]

Looks like the 15.30 pivot is in play again today. I wonder if anyone's done a study on it. Maybe something I'll need to do myself when I find the time.

 

[SlipperyC]

DAX short update; stopped out for +1

 

[SlipperyC]

DAX SHORT; 7400, £3/pt. Stop: 7410 target; 7350

 

[isatrader]

Only one on my shortlist tonight.

BRW.L Brewin Dolphin

 

[SlipperyC]

Difficult one isa. Can't say I'd like to say which way it will head tomorrow.

On one hand, its obviously moving up violently. On the other, its in a band of resistance and only 7p away from potential double top.

Are you going to wait for a break or re-trace for entry?

 

[isatrader]

Difficult one isa. Can't say I'd like to say which way it will head tomorrow.

On one hand, its obviously moving up violently. On the other, its in a band of resistance and only 7p away from potential double top.

Are you going to wait for a break or re-trace for entry?

It's a pattern I like to play, which is a breakout of short term down trend. Look at the daily chart attached. Price made a swing bottom and rallied back up to the 1ATR level it then pulled back for 3 days but the downside was rejected near the -1ATR level and it closed near it's 22 day EMA. It then consolidated under the down trend line for two days and had a strong breakout today above the Kinjun line to close above the 1ATR level. The other technicals add confirmation IMO as well. So now what I'm looking for is a day of consolidation where it pulls back 50% of todays candle but closes up slightly above the 22 day EMA. The fixed P&F chart also has a triple top breakout, so the key level for me is 168. My target is the 230 area if I get the set up.

Attached are the various charts I look at to give different perspectives on it.

 

[SlipperyC]

Stopped out of previous short for -10 pts.

SHORT DAX; 7427, £4/pt. Stop: 7435. Target: 7350.

Lets see if it pops up!

 

[SlipperyC]

DAX short update: Stopped out for -8.

Looks like its going to pop to 7500!

 

[SlipperyC]

or not. Grrrrr.

 

[SlipperyC]

SHORT DAX; 7415, £4/pt. Stop: 7424. Target: 7350.

 

[SlipperyC]

DAX short update; Stop to +1 (7414).

Time to get some back!!

 

[SlipperyC]

DAX short update; Out for +1

 

[isatrader]

Brewin Dolphin is trading up still. Is up 1.9% so far today. I think I'll get in near the close today if it stays above the open price.

 

[SlipperyC]

DAX LONG; £3/pt, 7408. Stop: 7395. Target: 7440

 

[SlipperyC]

DAX long update; STOP TO 7404 (-4).

Looks like its been riding the 60min middle bollinger ready for a break up again.

 

[SlipperyC]

DAX long update; STOP TO b/e (7408)

 

[SlipperyC]

Weeeeeeeeeeeeeeeeeeeee! Up she goes.

Stop to b/e+5; 7413

 

[SlipperyC]

Closed at 7419 for +11.

SHORT DAX, £4/pt. 7418. Stop: 7427, Target: 7350

 

[SlipperyC]

DAX SHORT update: Stop to 7422 (-3)

 

[isatrader]

Watchlist Addition

I like leonarda's Dragon Oil pick (DGO.L). It wasn't in my stock list as I only look at FTSE 350 for short term trades normally. It feels like it needs to pullback a bit more yet as is long term resistance at 580 and P&F is in a pullback phase. So I'll add it to my watchlist.