This is a strategy I have used before and had some success with back in the day.
We've all seen the dramatic price changes that can sometimes follow company financial results.
It's not low-risk but this can be used as the core of a trading strategy.
I'm going to run this thread as a journal of TA opportunities rather than actual trades. I'll flag up in advance the dates when results are released for FTSE350 companies and I'll suggest which might be bought or sold, in order to take advantage of price movements based on these results.
Getting in long or short will be mostly driven by the recent D1 price trend for the share, I will certainly not be reading or analysing the results, though broker consensus might be of use.
For this campaign I don't propose to use bracketing buy and sell orders, I want to keep things simple, and be either long or short. That will affect risk - but let's see what the roller-coaster does.
We've all seen the dramatic price changes that can sometimes follow company financial results.
It's not low-risk but this can be used as the core of a trading strategy.
I'm going to run this thread as a journal of TA opportunities rather than actual trades. I'll flag up in advance the dates when results are released for FTSE350 companies and I'll suggest which might be bought or sold, in order to take advantage of price movements based on these results.
Getting in long or short will be mostly driven by the recent D1 price trend for the share, I will certainly not be reading or analysing the results, though broker consensus might be of use.
For this campaign I don't propose to use bracketing buy and sell orders, I want to keep things simple, and be either long or short. That will affect risk - but let's see what the roller-coaster does.
