Archive for the ‘mnd’ Tag
today – mnd – tap – fmg
Leave a commentLost a few positions as indicated yesterday from my close of day prices.
TAP close
TAP: Closed the position for a 10.2% loss. If I stuck to the trendline I would have exited the day after I pyramided in my position, but I was using a trailing ATR based stop loss, which kept me in a little longer. The close two days ago missed the stop loss by 2c so waited to see if it bounced – which it didn’t.
MND: Closed this position for a 9 % loss. Based on ATR based stop loss combined with perceived support point.
FMG: Closed this position for a 14% loss. Based on ATR based stop loss combined with perceived support point.
So – ultimately not a good set of trades as far as portfolio performance goes, but good in terms of following my plan.
today – pyramid positions – okn – tap – mnd – aqa
Interesting action in todays market. I have taken the opportunity to extend my investments in some currently open positions, whilst keeping an eye on the overall market to not over extend myself at present.
okn - pyramid in
OKN: despite the funny action I saw recently, I have increased my position here. With a gap up on open this is looking strong. I note that the next significant resistance is at 3.00, however there are some minor resistance points before then.
TAP: The recent purchase appears to have successfully bounced off the support line for now, so am looking to strengthen my position. The morning opened well but the share seems to have formed a spinning top, so will keep an eye on it in the morning.
MND: Since entering with my first parcel, MND has subsided along a smooth short term down trend to marginally above my stop loss, at which point it has started rising again. I have taken the opportunity to increase the position on this break through the lesser downtrend, assuming that the uptrend is now to resume.
aqa pyramid entry
AQA: another share continuing to build upwards. Increased my position size, however I can see I am relatively close to a line of resistance at the top of the big white candle about 12 days ago. Lets see how we hold up.
Tomorrow – end of the Australian financial year. whta fun – then I’ll have to think about another tax return! arrgh – more paperwork 🙂
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.
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