Stock Trades : 30th May 2014

New Trades

Hitcher and Random status = On (as at May 26th)

Hitcher

Nil

Random

Nil


Flipper

Nil

Closing

Hitcher

Nil

Random

Nil

Flipper

Nil

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Stock Trades : 29th May 2014

New Trades

Hitcher and Random status = On (as at May 26th)

Hitcher

Nil

Random

Nil

Flipper

Nil

Closing

Hitcher

Nil

Random

Nil

Flipper

Nil

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Forex : 28th May : New trades and updates

A little activity on the currency front today

CHFJPY has made a pullback in a down trend - I'm shorting here as per the colored bars.  EURJPY is in a similar position but the high correlation means I have stayed away from that one.

I have another option signal on the Aussie.  It's arguably not as strong as the one on 2nd May but, nevertheless, I favor going long a 9200 September Call here spending 1.0 R

On our existing trades, AUDCHF has closed in our favor so I am pulling the stop in a little to 0.8205 and pushing the target out a little to 0.8398

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Stock Trades : 28th May 2014

New Trades

Hitcher and Random status = On (as at May 26th)

Hitcher

Nil

Random

Nil

Flipper

Nil

Closing

Hitcher

Nil

Random

Nil

Flipper

Nil

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Stock Trades : 27th May 2014

New Trades

Hitcher and Random status = On (as at May 26th)

Hitcher

Nil

Random
Buy SGH - Stop 4.42 (Disclosure - I own shares in SGH)
The Random portfolio has room for another stock as stops on existing holdings have been grinding up - this one brings open R up to 6.4 R.
SGH is in a nice trend, as these charts illustrate, although there is some possibility of consolation at the old highs on the weekly chart

Charts courtesy of www.incrediblecharts.com

Flipper

Nil

Closing

Hitcher

Nil

Random

Nil

Flipper

Nil

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Stock Trades : 26th May 2014

New Trades

Hitcher and Random status = On (as at May 26th)

Hitcher

Buy AAD - Stop 2.57
Buy BTT - Stop 6.26

Random

Nil

Flipper

Nil

Closing

Hitcher

Nil

Random

Nil

Flipper

Nil

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Stock Trades : 23rd May 2014

New trades

Hitcher
Nil

Random
Nil

Flipper

Nil

Closing

Hitcher
A couple of stops tagged here which is how trading goes.  AJA will be interesting because it is also in the random portfolio and still open so it will be an interesting example of how different stops can affect portfolio outcomes
.
AJA Tags hard stop - Lose 0.66 R

NEC Tags hard stop - Lose 1.69R

Charts courtesy of www.IncredibleCharts.com

Random
Nil

Flipper
Nil

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Forex : 15th May : Open trades update

GBPUSD has moved up nicely.  There option price has managed to cross the spread to 137.0 and there is a small profit there but not enough to get excited about.  All we can do here is let it run and watch out for reversal candles.

After making a small move in the right direction USDCAD has retraced higher into resistance.  Whilst not quite what I was looking for, there seems to be rejection here and another valid short entry.  Sitting on hands - watching and waiting

Forex : 22nd May : AUDCHF New Entry

AUDCHF is in a rising trend and has had a pull back that rejects support.  I would open the trade at 0.8260 with a stop at 0.8178.  Initial target is 0.8387.  The initial R:R at 1.5 is a little low but we'll see how this progresses

Stock Trades : 22nd May 2014

New trades

Hitcher
Nil

Random
Nil

Flipper

Nil

Closing

Hitcher
AJA closed below soft stop = Move hard stop to 3.69

Random
Nil

Flipper
Nil

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Stock Trades : 21st May 2014

The continuing lack of trend in the All Ordinaries means that the on/off switch has moved to neutral (MAs Tangled) so the Hitcher and Random systems won't be taking new entries for the moment.

courtesy www.IncredibleCharts.com

New trades

Hitcher
Nil

Random
Nil

Flipper

Nil

Closing

Hitcher
Nil

Random
Nil

Flipper
Nil

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Stock Trades : 20th May 2014

New trades

Hitcher
Nil

Random
Nil

Flipper

Nil

Closing

Hitcher
Nil

Random
Nil

FlipperNil

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Forex : 15th May : GBPUSD New Entry

P&L Running Total - b/fwd 1 R Loss - Today 0.0 R Loss - c/fwd 1.4 R Loss

Cable has been running up for the best part of a year now.  We have sen a pull back into the MAs on the HA chart so now may be a good time to buy a Call

I priced a slightly in-the-money call at 1.6800 and a slightly out-of-the-money 1.6900 call.  I have opted to spend 1.0 R on the in-the-money call

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Stock Trades : 19th May 2014

New trades

Hitcher
Nil

Random
Nil

Flipper

Nil

Closing

Hitcher
Nil

Random
Nil

Flipper
IPP - Buy at open - Stop 2.15
WTF - Closed at 2.38 - Lost 0.86 R

It's about now (or maybe even earlier) that many would give up on the Flipper.  Momentum trading hands out plenty of losing trades early on and 15 losers in a row with the flipper has certainly been ugly enough to scare, even optimistic traders, away.  Eventually we will end up with a book predominantly full of rising stocks like these two

All charts courtesy of www.incrediblecharts.com

We don't know which, if any, of our current portfolio will look like this in the future.  We're not even trying to predict the future.  All we are doing is hitch hiking on trends and letting the mats play out.

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Stock Trades : 16th May 2014

New trades

Hitcher
Nil

Random
Nil

Flipper

Nil

Closing

Hitcher
Nil

Random
Nil

Flipper
WTF - Exit at today's open

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Forex : 15th May : USDCAD New Entry

P&L Running Total - b/fwd 1 R Loss - Today 0.0 R Loss - c/fwd 1.4 R Loss


USDCAD has been grinding down and had a pull back that was rejected.  I would sell right here looking to target the resistance zone below at a minimum.  Stop is 1.5 times the average daily range giving us a Reward nearly 2.5 times the risk.  I will trail a stop each time I get a new low close.

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Stock Trades : 15th May 2014

New trades

Hitcher
Nil

Random
Nil

Flipper

Nil

Closing

Hitcher
Nil

Random
Nil

Flipper
Nil

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Stock Trades : 14th May 2014

New trades

Hitcher
Nil

Random
Nil

Flipper

Nil

Closing

Hitcher
Nil

Random
Nil

Flipper
Buy PNA - Stop 1.76

Disclaimer
I am not a financial adviser.  These are paper trades.  I am not suggesting you follow these signals.  If you take any action based on my blog you do so at your own risk.

Forex : 13th May : AUDUSD Exit

P&L Running Total - b/fwd 1 R Loss - Today 0.4 R Loss - c/fwd 1.4 R Loss

I was looking at this trade today and wondering why it wasn't performing as I expected despite picking the move.  It occurred to me that I had bought the wrong option for the trade I wanted.  Obviously, in a brain fade moment I bought an out of the money option rather than an at the money option.  

This may still play out as expected and one might argue that having spent the premium one might as well just let time slide by and see if it works out OK.  I'm not made like that - I like to trade my trades as I intended and kill them stone dead when I discover I have mad an error.  Right now the option prices at 14.0 and I paid 20.1 so that is near enough to a 0.4 R loss - consider it sold