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

Tech, understood your points in the last post thanks.

Spent quite some time going through each day of the MTU trade from page 1. Naturally your lines and comments have help me understand the management of this trade to a certain extent and I was hoping you have time to run over my thoughts of what you were thinking as it unfolded.

By the looks of things there was 5 Stops used:

1 - Initial stop at 4.89

2 - Breakeven stop at 5.14 .... was this moved here on 17th April after close? Strong day, supply coming in and buyers accumulating resulting in moving your initial stop to breakeven very quickly.

3 - Looks like 5.38 ... was this moved here on 29th April after close? Good effort today, looks like supply is a little short of average but buyers are willing to pay more.

4 - 5.69 ... was this moved here on 8th May after close? Strong day, supply coming in and buyers accumulating and the next day as well which has a big spike. Did this mean maybe nearing the end of it's run?

5 - 6.09 ... which you explained in that post.

You also have 2 thin blue lines above and below days 18th to 24th, was this a potential area to add another position but passed for some reason or are the lines for something else?

Seen the added position at 5.69.

Thanks for your time and chart.

Cheers ... Debtfree