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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

Just to add to Pav's comments.

I also encourage Pav and others to type out your comments here---it helps to crystallize thought processes.

All setups are found from a scan.These scans are looking for consolidation or continuation patterns. As such the prospects thrown up need to be eyeballed for suitability which is an experience thing. You can read up on patterns in many many books and on the net. What I look for in particular is a likely change of sentiment from consolidation or short term pull back to the resumption of trend.

The break even stop on 25/1

The reason was that momentum proved that it had returned to the up trend.

The trailing stop then was placed on 1/2 with that being an up day.

Moved on 6/2 after a strong wide range up bar.

Finally 19/2 as price moved out of consolidation.

In both cases nothing remarkable about volume---either way so we need to wait for following bars to confirm price movement probabilities. lower volume rising bars certainly indicate lack of supply.

I get it wrong just like everyone.

Mr Market is definitely a woman!