tradersams blog

aoe pyramid

AOE: increased my position in Arrow Energy today, with an entry set last night when the market was closed.

Looking at the graph now, entry is less than ideal as with the dip today appears to be forming a small scale rounding top – but not to worry, I’ve got a reasonably tight stop in place.  Combine that with the fact the price is close to the long term high, and seeing signs of resistance here is not unreasonable.

Looking at my stats, my transaction rate is down a bit at the moment (good I reckon) but a number of shares are moving close to their stops.  So – set a few triggers, and back to my real job.