isa's short term trading journal

[SlipperyC]

DAX SHORT update: stop to b/e

 

[SlipperyC]

DAX SHORT update: out at b/e

 

[SlipperyC]

new trade

DAX SHORT, £2/pt, 7301. Stop: 7307, target: 7190

 

[SlipperyC]

Hmmm. Psychologicallly, I'm totally on the wrong side today. Was expecting a good bounce in the DAX but I'm trying to trade against it too much.

Time to step back.

 

[isatrader]

new trade

DAX SHORT, £2/pt, 7301. Stop: 7307, target: 7190

Shame you didn't get an entry on your weekly trade this morning as 7300 was your target. Don't forget to change your entry point etc as is still 4 days to make another trade.

 

[SlipperyC]

DAX SHORT update: stop to b/e+2 (7299)

 

[SlipperyC]

DAX SHORT update: stop to b/e+22 (7279)

 

[SlipperyC]

DAX SHORT update: out at 7279 for +22pts (+£44)

 

[SlipperyC]

new trade

DAX SHORT, £2/PT, 7278. sTOP: 7286, Target: 7200

 

[SlipperyC]

DAX short update; out at 7286 for -8 pts (-£16)

Blimey! Just managed to check up on things from yesterday PM. Go DAX is all I can say! Would have been a cracking trade on the Weekly!!

 

[SlipperyC]

Stats (for Mon. 28th Feb);

10 trades today (10 short, 0 long)
3 winners, 4 losers, 3 b/e
avg. trade size, £3/pt

Won: £86, Lost: £85
Balance: +£1

Hmmm. Those stats tell a very obvious story! I failed to recognise this bounce EVEN THOUGH I PREDICTED IT ON THE WEEKLY FORUM!! I failed to change my trading strategy to the long side!!

Spent all day fighting the trend for the grand total of £1!!

The only positive point is that I managed to recognise this and prevented any greater damage.

 

[isatrader]

HOIL.L Swing Trade

Trade

Heritage Oil Rolling Spread
Direction: Long

Entry Price: 272.55
Spread: 1.49

Stop: 245
Target: 300

Account Risk: 0.34%
Potential Account Profit: 0.34%
Risk Ratio: 1

ATR (200 Day): 14.84 (5.44%)
ATR (52 Week): 38.07 (13.97%)

ATR Targets:
1x ATR: 287.39
1.5x ATR: 294.81
2x ATR: 302.23

Entry Reason
I've been watching this one. I think it's ready to bounce back to 300 level. The divergences are huge on force index and MACD. It's at its -3ATR level on the weekly which has only happened once before, but it is also at a major support level that goes back to 2008.

 

[SlipperyC]

Definitely looks like its built support at the 260 area, like you say, 300 seems a logical target.

 

[SlipperyC]

new trade

DAX LONG, £3/pt, 7325. Stop: 7315, target: 7350

 

[isatrader]

I was thinking SlipperyC that to keep the amount of posts down, that when you update your stops or targets, that maybe you should edit the entry post instead of doing a new post? As I'm finding it hard to find some of my trades in the journal as the amount of intraday posts are swamping it a bit.

 

[SlipperyC]

lol!

Ok, will do.

 

[SlipperyC]

Oops! Away for a few hours and the DAX collapses!! Missed a nice 150 pt ride down.

Anyway,

DAX LONG update; out at 7315 for -10 pts (-£30)

 

[isatrader]

SlipperyC you still have the old stop loss and target on the one trade a week thread. Do you want to change them?

 

[isatrader]

Am happy with my HOIL.L entry today. It held up very well and closed up 3.1% from yesterday. So I'm slightly in profit for the start of the month.

 

[isatrader]

Watchlist Addition

I've been looking for stocks that are in an oversold state and managed an up day today and think Britvic (BVIC.L) looks interesting. It's met it's P&F bearish target and is outside of the -3ATR channel. So a possible swing trade maybe with a tight stop.