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EOW 129 update: ASX Momentum Portfolio +68.1% (58% invested in 4 trades)
Benchmark index: SPAX2F15 (Incl. divs and f credits) +10% (past 129 wks)

This weeks sells: NWH (+4.0R)
This weeks buys: ALQ, FBU

The volatility remains high for another week and the index remains in it's recent range. The seasonal reports have contributed to the daily volatility and as short term traders we must be aware of scheduled news that may impact our trades. The index has been stuck in this range for 13 weeks. It's been 14 weeks since our last equity high. However our successful trade in NWH has us at a new equity high!

NWH: It started as a normal BO-NH that subsequently didn't look very promising. You read about the exit as it happened. The above average win was purely due to luck. We happened to be in the trade when the company announced positive news. This win is our largest dollar win (due to compounding) but not our largest R multiple win (DWS +5.1R Aug2015).

Outlook: WD DD. Our market filter remains bearish and we have to be mindful of that. I was starting to get a little bullish but Friday's fall put paid to that inclination. I never attempt to guess what the market may or may not do. Our market filter indicates our course of action. We're still trading but doing so with a strong defense.

[ATTACH]72309[/ATTACH]

<blockquote data-quote="peter2" data-source="post: 956763" data-attributes="member: 13908">EOW 129 update: ASX Momentum Portfolio +68.1% (58% invested in 4 trades)Benchmark index: SPAX2F15 (Incl. divs and f credits) +10% (past 129 wks)This weeks sells: NWH (+4.0R)This weeks buys: ALQ, FBUThe volatility remains high for another week and the index remains in it&#039;s recent range. The seasonal reports have contributed to the daily volatility and as short term traders we must be aware of scheduled news that may impact our trades. The index has been stuck in this range for 13 weeks. It&#039;s been 14 weeks since our last equity high. However our successful trade in NWH has us at a new equity high! NWH: It started as a normal BO-NH that subsequently didn&#039;t look very promising. You read about the exit as it happened. The above average win was purely due to luck. We happened to be in the trade when the company announced positive news. This win is our largest dollar win (due to compounding) but not our largest R multiple win (DWS +5.1R Aug2015).Outlook: WD DD. Our market filter remains bearish and we have to be mindful of that. I was starting to get a little bullish but Friday&#039;s fall put paid to that inclination. I never attempt to guess what the market may or may not do. Our market filter indicates our course of action. We&#039;re still trading but doing so with a strong defense. [ATTACH]72309[/ATTACH]</blockquote>

[QUOTE="peter2, post: 956763, member: 13908"] [U]EOW 129 update[/U]: ASX Momentum Portfolio [B][COLOR=#006600]+68.1%[/COLOR][/B] (58% invested in 4 trades) Benchmark index: SPAX2F15 (Incl. divs and f credits) [B][COLOR=#006600]+10%[/COLOR][/B] (past 129 wks) [I]This weeks sells[/I]: NWH (+4.0R) [I]This weeks buys[/I]: ALQ, FBU The volatility remains high for another week and the index remains in it's recent range. The seasonal reports have contributed to the daily volatility and as short term traders we must be aware of scheduled news that may impact our trades. The index has been stuck in this range for 13 weeks. It's been 14 weeks since our last equity high. However our successful trade in NWH has us at a new equity high! [B]NWH[/B]: It started as a normal BO-NH that subsequently didn't look very promising. You read about the exit as it happened. The above average win was purely due to luck. We happened to be in the trade when the company announced positive news. This win is our largest dollar win (due to compounding) but not our largest R multiple win (DWS +5.1R Aug2015). [I]Outlook[/I]: [B][COLOR=#ff0000]WD DD[/COLOR][/B]. Our market filter remains bearish and we have to be mindful of that. I was starting to get a little bullish but Friday's fall put paid to that inclination. I never attempt to guess what the market may or may not do. Our market filter indicates our course of action. We're still trading but doing so with a strong defense. [ATTACH]72309[/ATTACH] [/QUOTE]

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