Gday all. Its been a while since I have posted on this forum. Well going to make a new thread similar to a trading diary and would appreciate feedback etc.
Looking at opening up new trade Long (DOW) today. Waiting to enter at $7.68. It has formed a breakout pennant like formation. My target is $8.00, stop loss, $7.44. Closed out of (PBL) today for 5.8% profit. Also closed out of (CSM) for 2.4% profit and (AWC) for 3.8% profit. I am currently Long (NAB) getting in yesterday at $44.34, Long also (WPL) getting in at $40.34 (current stop, $42.24) and short (ALL) after getting in at $15.15 a few days ago. Also looking at short position in (TTS), probably get in at $4.93 if it gets down there today. (TOL) is another prospective Long. My trigger is $22.85, stop at $22.12.
The market may be finding its feet at the moment, crucial support at 6294 on the AUSSIE200 needs to hold. If so the market will not fall further today. Let's see.