Here's a simple strategy that I am using in spreadbetting UK stocks.
The idea is to get long on companies with bullish share price uptrends a few days ahead of their calendared results announcements. I've found it useful to set a SL at Entry minus 1 x ATR14 and a TP at Entry + 1.5 x ATR14, with a position size currently at 1% of account capital.
I'm using the daily news update in my trusty Sharescope to identify potential targets but these announcements are calendared elsewhere too. Entry is by a pre-set buy order, set within the 7 days prior to results, preferably at a price a little above a recent daily low - no specific candlestick etc. patterns. I have to check the targets to make sure my SB firm actually offers a book on these shares - unfortunately many AIM and smallcap stocks are therefore not tradable for me - these often move dramatically on news.
Right now I am in -
Balfour Beatty (results expected 18/08)
I have orders set for -
RPS (11/08, so this is running late: its such a nice uptrend I'm giving it a few more days)
Bank of Georgia (17/08)
Antofagasta (19/08)
Marshall's (19/08)
OSB (19/08)
Rank (19/08)
South32 (19/08)
This strategy is old as the hills. I had read about it in my very earliest trading / TA books. Alpesh Patel also put up a similar strategy outline, I think it was in the FT many years back: significantly Alpesh used an aggressive SL based on the low of the day preceding the results announcement.
This is running OK for me though I appreciate the stock indices are all bullish so that has to help. These days I'm looking forwards to Monday mornings again.
