Shares

Finally, I decided to take a few short trades. As some of you might remember I still hold RBS, £100 per point but since RBS share price is so low (about 20p) my exposure is not massive.

Today, I tried to buy a few things:

1. Bought FTSE at 5415 with stop loss at 5395 and limit stop at 5550.

2. Bought EUR/USD but I got exited with £120 loss (only £1/pip).

3. Thomas Cook Group. Bought at 15.502 £50/point with stop loss at 11 and limit stop at 20. I bought June futures as plan to hold them for a while.

Will keep you updated on when/if I get something else.

PS: put a sell order on US crude at $102 with stop loss at $104 and will take profit at $98. $102 has a decent resistance level.

Having seen markets going mad in August I decided that it was time to finally act.

I got EUR/USD £5/point at 1.4066 with a stop loss 100 points away and I’ll take profit of 300 points.

Also, I thought it was a great time to buy some banks and using my spread betting account with IG Index I got RBS £100/point, with a stop loss 11 points away but I’ll take profit 13 points away.

Finally, I’m taking long term positions and my target is not to touch them unless I see a good opportunity and need to release funds.

13:20 Sometimes it is better not to listen to guts feelings… Barclays is 11 points down from my order but I chose not to cancel my sell order… Glaxo is 4 points down from where I bought it…

8:23 I am in with Glaxo but something hold me form entering Barclays. So I will give up this one.

7:40

Looking into the News Calendar it seems that all eyes are looking for tomorrow Nonfarm payrolls. Good results can send the Dow around 11k bad one and we can see it back to 10300 level.

So I don’t expect big movements today but here is my orders for Thursday:

1) Barclays Buy 346 stop loss 331 target 376 or Sell at 331 with stop at 346 with 301 as a target. Reason: Triangle & outside bar on the daily chart.

2) Glaxo. Buy 1139 stop 1121 target 1175. Reason inside bar on the daily chart near support level. MACD & Elder ray are rising.

Good luck

As expected once the 1027 level has broken the share went all the way back to 1000 level. My order was to close the position at 1005 which it trigerred. Now the share trades at 998…

The risk / profit ratio was 1:2 which is not bad.

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.