Forex & Stocks : 11th September 2014

New Stock Trades

Hitcher and Random status = On (as at 18th Aug )

Hitcher
Buy ALZ - Stop 4.30 - (the actual stops were a bit tight here so I arbitrarily lowered them a bit)

Random
Buy DLX  - Stop 5.37

Flipper
Nil

 

Closing Stock Trades

Hitcher

Nil

Random
NHF hard stop - Sell at 3.13 - Lose 0.20 R (Once again the dividend event  manages to trigger a stop)

Flipper
Nil

Forex

AUDCHF made a nice rejection bar with the trend yesterday - It closed in the wrong direction so I have decided to play it two ways

First is to buy the breakout with the trend at 0.8595 with a stop around 75% of the bar at 0.8532 - target 2 times the risk

Second is to buy a retracement into the bar of 50% at 0.8552 (Almost there now) with a stop below the bar at 0.8510 and a target 3.5 times risk

Chart of the day

I was chatting to a trading buddy about DMP and looking at ways to have caught the stellar performance over the last 5 years or so - The Flipper would have done very nicely indeed - It isn't in our portfolio but a good example anyway

All Stock charts courtesy of www.IncredibleCharts.com

 

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.