I was going to wait until the end of the week to post my open positions but I thought I’d post them now with a brief explination behind each one.
BATM Comms – brought on the day of a significant fall ( no real strategy behind this)
Independent news – brought as the price has been at an historical low for a long time ( no real stratehy behind this)
Luminar – brought as price was/is hitting historical lows ( no real strategy behind this)
Arcandor – brought as price is makng historical lows and possibly boucing off support (Support resistance strategy)
Regus – brought as price moved into bull mode on Kagi chart(Kagi Strategy)
SIG – This is showing momentum divergence on a weekly chart (Momentum divergence strategy). I’ll update more on this at the weekend
Sporting bet – I copied someone else buying this (no real strategy behid this)
Alcatel-Lucent- Brought at a possible support level(Support resistance strategy)
Technicolor – Brought at a possible support level(Support resistance strategy)
Sky Deutschland – Brought at a possible support level(Support resistance strategy)
Northgate – This is showing momentum divergence on a weekly chart (Momentum divergence strategy)
If the position has no real stragey or is a support/resistance strategy then I move my stop by 2ATR untill I get to break even then I allow the stop to widen to 3ATR.
That’s all for now. I have some current open orders which I am not going to detail now. I will update at the weekend with new orders for the week along with my analysis.
