Archive for August, 2010

Hi,

For the last two days I am  try to catch Rio Tinto with double top pattern at 3490.I will carry this order for today as well.

Another order is to sell RBS at 50.0 with 53 as stop loss and 44 is the target. Reason: Inside bar on the daily chart.

AUD / USD sell at 9070 with 8930 target and stop loss at 9153. Bearish pattern on the daiy chart

USD /JPY Buy at 8500 stop 8400 target 8800 – reason: close to support level.

Opened trades:

Antofagasta: Sold two days ago at 1034 now the price is 1032 which put me at break even point (including trading costs). I do believe that in the next day or so we will see a strong movement in this share I just hope it will be in my direction. Yesterday and today every time that the price went to 1027 it bounced back. So the share needs to break this level in order for me to reach my target.

Hi,

Yesterday I just missed shorting the FTSE at 5410. My order has expired just before it touched this level. At the moment it is standing at 5390 meaning 20 points virtual profit… I do think that the FTSE will slow down today as traders will take some profit from yesterday rally. And if some bad news will come out we can find it very quickly visiting the 5300 area. That’s why I may submit a new order to short the FTSE at the same level as yesterday. It all depends how the FTSE will start. But because I already have a short position on Antofagasta I am less eager to open another short position.

I also carry the order from yesterday to short Rio at 3490 with stop at 3560. It seems like classic double top.

And I’ve added a new order to buy BAT at 2144 near the upper trend line support. BAT has been a bit weak during the last 2 weeks and yesterday it has even went down! But the long trend line that has April 09 seems to give the share good support.

In the last minute of trading today I opened a short position on Antofagasta.  Reason: 1035 seems like a resistence for me. The share has just jump 4.6% today and I think people will take profit and Anto will back to the 1000 region.

My stop is 1048 ny target is 1005.

17:46 Move the FTSE sell order to 5410 – It seems that the trend is up today so I think it can reach this level

Rio Tinto: Sell @ 3490 Stop 3561 Target: 3250. Reason: Double top. Current price: 3400

Tesco: Buy @ 390 Stop 385 Target: 410. Reason: Pivot price and kind of support. Current price: 398.

FTSE 100: Sell @ 5400 Stop 5453 Target: 5300 Reason: Top of a trading range. Current price: 5360

All the orders are valid till the end of the day (2/8/10)

* This is not a recommendation to copy my orders!