Archive for the ‘cfe’ Tag
today – ewc – cfe
Leave a commentwhat a lot of red in the heat map on market opening today!
With the general market drop, I had an entry point hit on EWC at 0.575, a share I have traded a number of times. Purchase is based on trendline starting early March this year through another touchpoint mid May. Given the market drop, I always get a feeling in the bottom of the stomach… I have purchased on a retracement – but by definition I am therefore not buying on immediate strength. Its counter-intuitive for me – when I want to buy something making higher highs. I’ve got my plan in place for this share, so will follow.
CFE closed at 0.335 (4% loss) to protect my overall portfolio, and avoid a margin call. This was above my stop loss for the individual share, but given the general weakness today I closed this out.
The ongoing question in the press and even at lunch with the guys I work with – are we in a bear market, or are the bulls breaking into a run? Whilst I am interested in views, I just try to trade the same way I would otherwise. I saw this article, couldn’t help notice the Aussie reference. I do wonder myself when looking at all this cash being pumped out by the various world governments whether I am watching a bubble being born.
today – mnd – cfe
opened MND – broke through resistance on open, so trigger fired. Originally found a month ago on heat map. EOD closed down, so technically should not have entered – I pulled the trigger too early as I normally engage on end of day prices.
opened CFE – huge volume on open, highest high in ~6months, and appeared to close the gap that was opened in October last year. Looking for the gap window to switch from resistance band to support band. Similar to MND above – close is low. I traded CFE poorly last time (a reason for setting up this blog) so will stick to exit plans this time.
Both trades discretionary. Market generally bullish.
tradersams blog 