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Monday, 26 January 2015

+£14.75 BAC Long

Again simple trade (same as GE trade). Noticed price had returned to weekly demand so took a long entry off this level when daily price action reached it. I was hoping that there were either still unfilled buy orders sitting around that level or simply that there would have been a strong-ish demand /supply imbalance there.
Took profit around 1:1 on BAC, this is a likely fault. had been up a lot last week. On realizing that it had been near a 2:1 profit target closed out this trade as noticed some S&P daily supply overhead.

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