Rob's Trading Diary

[Kingdom2008]

Moved all stops of Tesco and Kingfisher to break even

 

[Kingdom2008]

Going to post up my watch list for next week and they are all looking bullish!!

first up we have BskyB again, you might remember me talking about going short on the pin bar a few days ago, well that would have come in nicely as you will see by the chart but like i said then the spread and R/R was not good enough at the time.

But anyway here is the chart for next week

Pro's

50/200 EMA's going up
Pin bar through 50/200 EMA
Pin bar through 61.8% Fib
In a bullish channel
MACD and RSI rising
1:2 R/R

Cons

Again the spread is large
The pin is not perfect (the close of the bar is just outside the eye of the previous) bar)

Heres the chart any questions/suggestions please ask!
Rob

 

[Kingdom2008]

Centrica is also on my watch list for next week,

looking to buy on the break of the pin bar,

Pros
MACD and RSI showing negative divergence
Pin bar through strong resistance
Can get a good R/R (1:2) without having to break through a major number (300)

Cons
50/200 EMA Bearish
Would ideally my target would not be near a major number

Heres the chart so you can have a look

Thanks

Rob

 

[Kingdom2008]

Order Pending on Centrica buy at 286 Stop 280 Targets 292 and 298 (Missed the trade this morning due to work (since my Sage trade I don't like placing orders for the open of the markets due to gapping ) so just waiting for a retrace now hope it comes! :clap:

Rob

 

[Kingdom2008]

Order Pending on Centrica buy at 286 Stop 280 Targets 292 and 298 (Missed the trade this morning due to work (since my Sage trade I don't like placing orders for the open of the markets due to gapping ) so just waiting for a retrace now hope it comes! :clap:

Rob

Order executed buy centrica

 

[Kingdom2008]

Sold half of kingfisher for +9 pips

other half of the trade closed for + 17 pips

 

[Kingdom2008]

Just sold off 1/3 of the trade for 7.5 pips profit

closed another 1/3 of Tesco for +17 pips profit

 

[Kingdom2008]

Sage closed for break even 0-pips

 

[Kingdom2008]

only one trade on the radar for tomorrow and that is BskyB there was a nice pin bar 2 days ago, then a break now a retrace for a good Risk/Reward ratio so I'm going to look to go long tomorrow if nothing dramatic happens during the opening 30 mins or so (depending when i can check the markets while in work)

Pros
pin bar through 200/50EMA
Pin bar on the bottom of upward channel
Pin bar through 61.8% fib
EMA's looking to turn bullish
Good Risk/Reward (even with the unbelievable spread!)

Cons
RSI + MACD didn't make new highs along with price during the previous high

So heres the chart

Any feedback/suggestions let me know

Rob

 

[Kingdom2008]

Just thought I would also post an update of my trades so far...

 

[Kingdom2008]

only one trade on the radar for tomorrow and that is BskyB there was a nice pin bar 2 days ago, then a break now a retrace for a good Risk/Reward ratio so I'm going to look to go long tomorrow if nothing dramatic happens during the opening 30 mins or so (depending when i can check the markets while in work)

Pros
pin bar through 200/50EMA
Pin bar on the bottom of upward channel
Pin bar through 61.8% fib
EMA's looking to turn bullish
Good Risk/Reward (even with the unbelievable spread!)

Cons
RSI + MACD didn't make new highs along with price during the previous high

So heres the chart

Any feedback/suggestions let me know

Rob

Buy BskyB at 725 stop 715 target 755 r/r 1:3

 

[Kingdom2008]

hmm just tried to click on my FTSE trades from work (on a windows PC) and they arent working its more than likley because I use a mac at home, so lesson learnt i will try and post them as pictures like my charts instead

Rob

 

[Kingdom2008]

hmm just tried to click on my FTSE trades from work (on a windows PC) and they arent working its more than likley because I use a mac at home, so lesson learnt i will try and post them as pictures like my charts instead

Rob

Here are my trades so far in a table hopefully you should be able to see them this time!

Rob

 

[Kingdom2008]

order executed at 835 closed all of bskyb for - 8.4 pips

 

[Kingdom2008]

Closed the last 1/3 of tesco for +23.4 pips

 

[Kingdom2008]

Order executed buy centrica

Order closed -6 pips (x3 -£19)

 

[Kingdom2008]

Sell compass at 595 stop 605 target 575 chart to follow

 

[Kingdom2008]

Heres the chart for my trade yesterday, i played the break and retrace of the pin bar formed on thursday.

Pros

Pin bar Through strong resistance
negative divergence on RSI + MACD
Pin bar is also through an important number (600)
played the retrace for 1:2 R/R

Cons

200/50 EMA bullish

 

[Kingdom2008]

Sell compass at 595 stop 605 target 575 chart to follow

Close compass -20

 

[Kingdom2008]

order pending on kingfisher

sell 251

stop 258

Target 235