With the week drawing to a close I’m looking forward to a few days off over the weekend. It’s been a busy week with family, work, trading and running the website. I suspect I will put some time into the site over the weekend (if I have any). I have a few new ideas so I’ll keep you posted with updates as and when they happen. I added the stock screener for my super trend strategy last night. You can get the code for the screener here. Obviously you will need to be registered with proRealTime to use it. Their EOD service is free so check it out.


Before I get into todays action I think there is still some places available for my capital spreads offer. If you want to read more about the offer you can here. With not having a huge following I suspect there will be a few places left for a while. I’ll let you know when they’ve all been taken. I’m working on exclusive offers for you with other firms so keep checking back for the latest deals. I’ve also added the capital spreads offer to my spread betting offers page so if you keep checking that you’ll always be up to date with the latest offers. That said when I do get a new offer I will post on the blog about it first before I add it to the offers page. Hopefully it will keep you reading, not that you are reading for the offers anyway. You enjoy the fun and informative posts that I write. Right? 😉


Onto todays trading. I established a new position in persimmon. With my stop set at 405 (1.5ATR on mid price) I have locked in £65 profit on the original trade. I set a buy order at 415 ( it was filled at 414.8 after slippage) with a stop also set at 405. Therefore I potentially have £55 locked in over all. £65- £10 = £55. So why 415. Well looking at the chart this could possibly be a support zone. Price reached this level before falling back creating a resistance zone back in October. With price now passing that level it could potentially become a support zone. The theory here is that price will bounce off this level and continue its recent upward trend. How I said that’s my theory, if it will pan out like that is another story. If it does rise back to the most recent high of 450ish then I’ll be in at £2 per point instead of just one from 415 onwards. Will it hold, who knows? I think it’s worth the risk to try and find out.


That’s really all that’s been happening on the trading front for me. No new trades. With the whole market quite subdued I’m hoping for some movement next week. Hopefully this movement will be in my favour.


Oh and one last thing I’ve written an article over on Ezine articles. It’s the first one of many I hope. If you fancy a laugh you can read it here. You will also learn my surname if you are observant enough but shush, don’t tell anyone. Some people probably still think I’m Tony Loton.


I hope you all have a great weekend, and just think it’s only two weeks until Christmas eve, man this year has flown past.


Until next time,
“May the markets be with you!”
Spread betting beginner

December 10, 2010 by Harry
Category: blog
Tags: Capital spreads, persimmon, spread betting offer