tradersams blog

Todays been a down day on the ASX.  I placed my trades last night (Sunday night) and came home to see what positions I had taken up.  Always a risk as I can’t see how my positions are dealt with, and I am placing them without taking advantage of any price dips during the day.

SXY:  I opened a position today in Senex Energy under SystemB . This is an entry on the weekly momentum system.  The entry price was $1.145.

You can see the earlier trade I had in Senex which was recently closed out, and very profitable.  The entry today would imply that the trend may continue.  Looking at the graph updated with todays price it looks like a tweezer top / double top may be forming – so I’ll keep a close eye on this one.

GNC:  I opened a position today in Graincorp under SystemB in what appears to be a continuing uptrend.   The entry price was $9.26.

I did notice there was a warrant for this trade, however I have stuck to the main equity in this case.

BPTKMB:  I opened a position today in Beach Energy under SystemA.  I actually opened the position in another warrant against BPT, as I am looking for the leverage on this one.  The entry price was 0.435.

In this case BPT again showed up in my trend following system and looks to have turned up from the recent low.  This trade is taken on a small investment as the share is developing into a down trend (lower lows and lower highs).  The recent dip seems to have come up as a result of the company running a capital raising.  The capital raising seems to have knocked the price a tad.

MIX:  I opened a position today in Mirvac Industrial under SystemA after a strong close at the end of last week.  The entry price was $0.105.

I’ve never traded MIX before so I will have to get a feeling for its personality 🙂

Time for a sleep – I’ll update the portfolio page tomorrow.