26/11/14 – My Stop Loss for this trend reversal trade on ATW-NYSE was taken out in today’s session, giving a 1% loss on my trading account balance. There is no technical reason for this trade failing as the setup was very strong so I would say that some fundamental issues were the cause of this failure which sometimes happens and as I haven’t got a crystal ball I wont beat myself up about this trade. The recent success of another Trend Reversal trade on RMG-LSE still gives me confidence in my setup and entry strategies for these trend reversal trdes so I won’t be changing anything at the moment. Chart as Below.
22/11/14 – My Stop BUY order for this trend reversal trade on ATW-NYSE triggered during yesterdays session then closed the session just above the entry level at 38.27. I have reported this s at Breakeven on my weekly report as there is very little in it between the entry and close. Yesterday’s bar both open and closed above the 6/4 MA High line which indicates the previous Bearish Wave 5 trend is over. Momentum needs to continue next week to give this trade a strong chance of success. Chart s Below for this trend reversal trade on ATW-NYSE.