30/06/14 – I have time stopped this trade as it has been on for 18 bars (weeks) and is going nowhere.  This was a simple decision as this is the first week the price has been at Break even for  13 weeks, so no profit but no loss to report.  Sometimes these trades just do not take off.  Chart as Below


25/02/14 – This trade triggered towards the end of yesterdays session and closed above entry.  Potentially this trade could be on until September this year.  As Below


24/02/14 – The Trend Channel is taken from the Main Pivot B as this is a complex W4 pull back which compliments the Simple W2, as with Elliott Wave Observations .  The Stochastic just crossed over in the Over Sold Zone last week, giving 8/9 indicators in the green.  I am going for a conservative entry, way out of the Trend Channel for this weeks bar and above the Highs of the last three bars (weeks).  This makes room for further downward movement (order points would be adjusted) or in fact ensures good upward movement before the trade triggers.  BUY order @ 1008 on a SEP14 Spread bet Contract with the Stop Loss @ 8.63 and the Take Profit Limit Order @ 13.58.  The figures differ slightly from the Technical Charts below as the Spread is higher due to the September Contract.  As Below

STNG#3 STNG#1 STNG#2osc'

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »