Monday, January 11, 2016

Some more breakout trades



TBS short between R277.86 and R284.43 with an end of day soft stop in at R291.00 and downside targets at R264.72/R251.58 and R245.01


ANG long between R139.31 and R134.43 with an end of day soft stop at R129.54 and upside targets at R149.08/R158.85 and R163.74


SHP short between R127.11 and R129.31 with an end of day soft stop in at R131.50 and downside targets at R122.72/R118.33 and R116.14






11 comments:

  1. All 3 positions opened within or better than the targeted opening ranges: TBS(R281.15), ANG (R133.99), SHP (R128.21)

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  2. I closed my short pos with AGL, looking to move to the IG platform for CFD

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  3. Do you use a trading system or does IG have something like that.

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    Replies
    1. Tim sorry not following you. Are you looking for an automated system?

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  4. Replies
    1. Ah ok. Well I do know there are automated systems available and that the IG platform does support automation and coding of custom systems but I don't personally use them

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  5. Okay cool, Just getting into it still. So learning learning. Need to learn to keep emotions in check and when to get in and out, it is just fascinating but everyday learning alot. Next step is to learn to trade the top 40.

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    Replies
    1. Just be careful on that one the T40 can be a merciless thing.

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  6. SHP closed out at R135.91 for a 2.3-1 risk-reward loss

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  7. How have you done with the ANG and TBS, did you open either?

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    Replies
    1. Hi Tim - as per comments above, I did open all 3 positions and ANG and TBS remain open at the moment

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