25/06/15 – Sage Group PLC – My Stop Loss was taken out in spectacular fashion in yesterday’s session with large volume, giving a 1% loss on my trading account balance. My Entry strategy was good but if I want to be extremely critical I may have been too aggressive on entry below the previous pivots. However the sudden Bearish daily move after trigger could not have been considered and I believe was a result of institutional traders getting out their positions and driving the price down. Chart as Below
23/06/15 – Sage Group PLC – Whilst updating trades from yesterday, the Sop Buy order for this stock triggered in the first half hour of the FTSE session. Realistically I am looking for a close above the 6/4 MA high as this was a large move so early in the session. A large plus and indication of large momentum would be to close today near the high and above the entry price. Chart as Below for the Entry into this long position on Sage Group PLC.
21/06/15 – Sage Group PLC – This potential Long Position on the FTSE Stock SGE-LSE is setting up well with 7/9 of my trade setup indicators in the green with the 6/4 MA High being crossed before entry to give 8/9. The Wave 4 extreme was formed at a rejection of the price below the Fibonacci 0.382 Retracement level. The large Bullish movement on the 6th May during the Wave 3 was a result of a good earnings report. The price then continued to form a new Wave 3 high and we have now seen a natural profit taking wave 4 pull back that has found support. Stop Buy Order @ 552.50 and the Stop Loss @ 529.50, with the initial Take profit Limit order @ 596.00. Charts as Below for the setup of this potential long Position on Sage group PLC.