Showing posts with label Long Bet. Show all posts
Showing posts with label Long Bet. Show all posts

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.

+£33.30 GE Long

Again simple 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 2:1 on GE, this is likely a fault!

Thursday, 22 January 2015

+£20.52 GOOGL Long

Pretty simple trade. Bought on a retest of an objective level of demand on both daily and weekly charts using HOLP (high of low period) on the hammer there. Tried this for the first time on the 12th January but got stopped out. RRR 2:1 (really should have held out longer to objective area of supply at the  pivot high in late December.


Tuesday, 13 January 2015

+£9.71 Long AAPL

All in the chart, just cautious on profit target and wound it in from supply level to just below it.

Monday, 12 January 2015

-£13.10 GOOGL Long, bad luck?

Veering towards bad luck on this trade. Looking at this objectively both levels of demand (daily and weekly) were untested, so fresh and as such likely to have unfilled buy orders sitting around them and this is not a place one would immediately think there would be a supply/demand equilibrium. Perhaps not the best candle action to enter on , but strictly speaking this shouldn't matter as I am trading levels not candle patterns. Thinking of re-entering this trade tomorrow should it tick above the current hammer on chart.

One negative factor on this trade is the fact that price is trending down on the daily chart.