isa's short term trading journal

[isatrader]

Watchlist Addition

I covered my short in Interserve (IRV.L) on Monday as it wasn't showing much follow through to the down side. It bounced today at the 50% Fib level. So another possible swing here back up to the around the 260 level maybe.

 

[SlipperyC]

new trade

LONG DAX, 7131, £3/pt. Stop: 7120, Target: 7200

[edit] Stop to 7140 (10:03am)

[edit] Stop to 7145 (10:28am)

[edit] Stop to 7160 (11:45am)

[edit] Stop to 7170 (12pm)

[edit] Stop to 7180 (12.20pm)

[edit] CLOSED at 7188 (12.30pm) for +57 pts (+£171) !!

 

[SlipperyC]

new trade

SHORT DAX, 7190, £3/pt. Stop: 7205, Target: 7130

[EDIT] stop to b/e (12.38pm)

[EDIT] stop to 7185; b/e+5 (12.38pm)

[EDIT] stop to 7175; b/e+15 (13.20pm)

[EDIT] CLOSED at 7175 for +15pts, +£45 (14.10pm)

 

[isatrader]

Nice one SlipC, good to see you back to winning ways today

 

[SlipperyC]

new trade

SHORT DAX, 7175, £3/pt. Stop: 7185, Target: 7130

[edit] Closed at 7185 for -10pts (-£30) (14.35pm)

 

[SlipperyC]

Thanks isa.

Just needed to get my head straight + been busy at work.

 

[SlipperyC]

new trade

SHORT DAX, 7199, £3/pt. Stop: 7209, Target: 7130

[edit] stop to b/e (15:58)

[edit] stop to 7190 (16:40)

 

[isatrader]

Re: Watchlist Addition

I've been looking for stocks that are in an oversold state and managed an up day today and think Britvic (BVIC.L) looks interesting. It's met it's P&F bearish target and is outside of the -3ATR channel. So a possible swing trade maybe with a tight stop.

I have bought BVIC.L Rolling Spread at 375.95

 

[isatrader]

Britvic Rolling Spread Entry

Trade

Britvic (BVIC.L) Rolling Spread
Direction: Long

Entry Price: 375.95
Spread: 1.70

Stop: 349
Target: 402.2

Account Risk: 0.33%
Potential Account Profit: 0.32%
Risk Ratio: 0.97

ATR (200 Day): 10.67 (2.84%)
ATR (52 Week): 25.51 (6.79%)

ATR Targets:
1x ATR: 386.62
1.5x ATR: 391.96
2x ATR: 397.29

Entry Reason
I added this to my watchlist yesterday as a possible swing trade. It opened higher and has traded up today, so I'm in for a swing trade targeting the 400 area.

 

[isatrader]

The GKN.L chart is looking interesting again. I might trade this one in the next few days if it can close above the fast moving averages again.

 

[SlipperyC]

new trade

DAX SHORT, £3/pt, 7219. Stop: 7240, Target: 7200, 7160

[edit] Stopped out at 7240 for -21 pts (-£63)

 

[SlipperyC]

new trade

DAX SHORT, £3/pt, 7245. Stop: 7255, Target: 7200

[edit] was stopped out at 7255 for -10 pts (-£30).

Haven't had much time to trade the last couple of days,
been a bit busy! Grrr.

 

[isatrader]

GKN Follow-up

GKN.L managed to close above the moving averages and is now just under the down trend line. My plan is to watch it during the day tomorrow and if it looks like it will close higher than today then I plan to go long just before the closing bell.

 

[SlipperyC]

new trade

SHORT DAX, £3/pt, 7280. Stop: 7290, target: 7204

[edit] out for -10pts (-£30) (9:10am)

 

[SlipperyC]

new trade

LONG DAX, £3/pt, 7280. Stop: 7271, target: 7310

[edit] stop to b/e (9.54am)

[edit] stop to 7285 (10.15am)

[edit] OUT AT 7285 for +5pts (+£15) (10.22am)

 

[SlipperyC]

new trade

LONG DAX, £3/pt, 7283. Stop: 7275, target: 7310

[edit] stop to b/e (11.05am)

[edit] stopped out at b/e (11.38am)

 

[isatrader]

Re: GKN Follow-up

GKN.L managed to close above the moving averages and is now just under the down trend line. My plan is to watch it during the day tomorrow and if it looks like it will close higher than today then I plan to go long just before the closing bell.

The NFP number has pulled everything down. But I'm sticking to the plan which was to only enter GKN.L today if it looked like it was going to close above yesterdays close. As this looks doubtful now, I'm going to save this for next week and probably make it my weekend pick in my One Trade a Week Thread. Ideally I'd like to see it close at the 50 Day EMA which is around 207.68

I bought Antofagasta (ANTO.L) in my ISA account today at 1450 which is showing a similar pattern on the charts after a two month pullback. Here's the link to my ISA journal with the details:

http://www.trade2win.com/boards/tra...g-isa-pay-off-my-mortgage-11.html#post1451686

 

[isatrader]

Account Update

Not a lot to report this week. I opened a few swing trades this week in Heritage Oil and Britvic as both look oversold and ready for a small move towards the moving averages. I followed the plan fairly well, except for my day trade in the DAX.

Closed Positions
Germany 30 Rolling Spread: -0.15% (Account P/L: -0.14%)
Interserve Mar 11 Spread: +0.43% (Account P/L: +0.01%)

Open positions
Heritage Oil Rolling Spread: +0.22% (Account P/L: +0.01%)
Britvic Rolling Rolling Spread: +1.27% (Account P/L: +0.06%)

Performance

Relative performance against the indexes was reasonable this week. I was slightly lower than the S&P 500 by -0.16% and a slightly better than the FTSE 100 by +0.13%. Below is the details:

My SB Account
Week: -0.06%
YTD: -1.05%

S&P 500
Week: 0.10%
YTD: 5.05%

FTSE 100
Week: -0.18%
YTD: 1.53%

Now we are into the second week of March I've decided to increase my risk for March and April to 3%. This is because of the seasonal bias for March and April to be strong months in the S&P 500 according to my historical analysis. I'm also going to do the same for November and December as this is the other strong historical period. I've attached the chart so you can see my reasoning for the more aggressive approach during these months.

Below are the charts and the trades spreadsheet

 

[isatrader]

BVIC - moved stop loss to breakeven as it has moved over 1x ATR which is my first target. Second target is the gap fill around the 400 level.

 

[SlipperyC]

new trade;

SHORT DAX, £3/pt, 7265. Stop: 7280, target: 7150

[edit] stop to 7260

[edit] stop to 7250 (3.20pm)

[edit] stop to 7220 (3.40pm)

[edit] stop to 7210 (3.45pm)

[edit] stop to 7180 (4.00pm)

[edit] closed trade at 7170 for +95 pts (+£285) (4.03pm)