Circassia and Kier both triggered and both quickly stopped out. Big outside bars in both cases, hard to contend with these, and the objective is not necessarily to be not stopped out....
Now I look at them both show pretty flat price action for a few weeks. Maybe shoulda coulda put entry price higher....
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)
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.
Hays and Mediclinic longs still running. Hays SL moved to the day's low again. Moved the Mediclinic SL to close behind price and set to trail: their price rose 12% as they released first half results and I want to capture at least the bulk of such a move.