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EOW Trading update: The market giveth and taketh away. Pav portfolio +8.3%, XAO +0.1% (start)

The portfolio lost 3% earlier in the week, but we grabbed the surprise +2% from SIQ. This kept the portfolio about level for the week.

This weeks sells: JHX SIQ SPO IMD
IMD: Closed today after ordinary news dropped price through our sell stop.

New trades:
EPW: Bought as price traded >1.50 (1.51) and above trend continuation pattern (ledge), iSL = 2.36
EWC: Bought BO as price traded >0.40 (0.405), iSL = 0.38 Sell stop raised to 0.39 after today's up bar.
I don't allow very much room for trades in these types of stocks. Price continues higher or we are out. T2 sell order in market.

MTU: Thought about buying 11.50 BO, but was tempted by the lower priced stocks.

Outlook: I am slightly more bullish after seeing the US near new highs and today's ASX bouncing off 5800 and the high close. The market will not BO to new high without the banks. Interesting, as usual.

??? - This is an educational thread. Where are all the questions from those setting up their trading businesses?

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<blockquote data-quote="peter2" data-source="post: 867487" data-attributes="member: 13908">EOW Trading update:&nbsp; The market giveth and taketh away.&nbsp; Pav portfolio +8.3%, XAO +0.1% (start)The portfolio lost 3% earlier in the week, but we grabbed the surprise +2% from SIQ. This kept the portfolio about level for the week. This weeks sells: JHX SIQ SPO IMD IMD: Closed today after ordinary news dropped price through our sell stop.New trades:EPW:&nbsp; Bought as price traded &gt;1.50 (1.51) and above trend continuation pattern (ledge), iSL = 2.36EWC:&nbsp; Bought BO as price traded &gt;0.40 (0.405), iSL = 0.38&nbsp; Sell stop raised to 0.39 after today&#039;s up bar.I don&#039;t allow very much room for trades in these types of stocks. Price continues higher or we are out. T2 sell order in market.MTU: Thought about buying 11.50 BO, but was tempted by the lower priced stocks. Outlook: I am slightly more bullish after seeing the US near new highs and today&#039;s ASX bouncing off 5800 and the high close. The market will not BO to new high without the banks. Interesting, as usual. ??? - This is an educational thread. Where are all the questions from those setting up their trading businesses?&nbsp;[ATTACH]62370[/ATTACH]</blockquote>

[QUOTE="peter2, post: 867487, member: 13908"] [U]EOW Trading update[/U]: The market giveth and taketh away. Pav portfolio +8.3%, XAO +0.1% (start) The portfolio lost 3% earlier in the week, but we grabbed the surprise +2% from SIQ. This kept the portfolio about level for the week. [U]This weeks sells[/U]: JHX SIQ SPO IMD IMD: Closed today after ordinary news dropped price through our sell stop. [U]New trades[/U]: [B]EPW[/B]: Bought as price traded >1.50 (1.51) and above trend continuation pattern (ledge), iSL = 2.36 [B]EWC[/B]: Bought BO as price traded >0.40 (0.405), iSL = 0.38 Sell stop raised to 0.39 after today's up bar. I don't allow very much room for trades in these types of stocks. Price continues higher or we are out. T2 sell order in market. MTU: Thought about buying 11.50 BO, but was tempted by the lower priced stocks. [U]Outlook[/U]: I am slightly more bullish after seeing the US near new highs and today's ASX bouncing off 5800 and the high close. The market will not BO to new high without the banks. Interesting, as usual. ??? - This is an educational thread. Where are all the questions from those setting up their trading businesses? [ATTACH]62370.vB[/ATTACH] [/QUOTE]

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