TBS: Entry between R336.82 and R330.91 with a stop in as a close below R325.00 and upside targets at R348.64/R360.46 and R366.37
INL: Entry between R117.99 and R113.93 with a stop in as a close below R109.86 and upside targets at R126.12/R134.25 and R138.32
Big missed entry on TBS for me. I had my entry order in at R330.91 but price only retraced to R334.50 before taking off and actually crossing the final target level in a single day! This is an example where trading form the top of the entry zone would have yielded very fast results. INL also didn't retrace sufficiently for me to enter trading to a low of R115.80 (my buy order was in at R113.93). This trade still has potentiall for entry on the cards for me at around R117.54 - still within the original entry zone so will look for another entry on Monday
ReplyDeleteDick, is it possible to post your 3lb system rules somewhere again please? The link to the filehosting.org site you used previously no longer works. Would appreciate it. Thanks.
ReplyDeletePollux will do
DeletePolux drop me an e-mail on richard@underdoginvestments.co.za please
DeleteINL long entered today at R116.76
ReplyDeleteCut this long at R112.36 after the 3LB painted red and in the wake of sustained weakness. With a dividend underpin of R2.07 per CFD its an effective gross loss of R2.33 per CFD or 0.34 of original risk so acceptable
ReplyDelete