02/12/09 1st Target hit for Ista at $4.8 for +12% profit sell half and set stop loss to entry price at 4.21 for other half.
30/11/09 All trades currently in profit (aside from . IIQLA option, waiting for time decay to kick in) - Added Short on 10 yr Bonds
ISTA: 24/11/09 Taking advantage of dip in price to buy at $4.21, also bought DEC $5 call .IIQLA
MGM: 23/11/09 Short entered at 10.90
ISTA: 23/11/09 Hasn't retraced for optimal long entry but if you had entered on open of market would be in profit - watching
Euro Dollar: 23/11/09 Short entered at 99.78
Saturday, 5 December 2009
BK: 25.6 level to watch
06/12/09: Bank of New York (BK, NASDAQ)
A very interesting, potentially powerful setup in the making. If the 25.6 support level is broken sell short, look at Put options also. Overhead resistance coming down from around the 30 level with additional resistance at 31.44, potentially bearish longer term patterns also formed. If the breakout occurs this could be a huge move, potentially to 18.4 level initially. Entry at 25.6.
A very interesting, potentially powerful setup in the making. If the 25.6 support level is broken sell short, look at Put options also. Overhead resistance coming down from around the 30 level with additional resistance at 31.44, potentially bearish longer term patterns also formed. If the breakout occurs this could be a huge move, potentially to 18.4 level initially. Entry at 25.6.
Monday, 30 November 2009
^TNX: Broken through support
30/11/09: Ten Year Treasury Note (^TNX, CBOE)
Broken through support - short opened at 3.2010%
Broken through support - short opened at 3.2010%
Monday, 23 November 2009
MNTA: A potentially powerful breakout developing
23/11/09: Momenta Pharmaceuticals (MNTA, NASDAQ)
Developing a breakout of the technical chart pattern shown in the graphic below. This is not a perfect timing point for entry so not a trade alert but occassionally I will give examples of such breakouts in progress and see how they develop for potential entry points. One to watch!
Developing a breakout of the technical chart pattern shown in the graphic below. This is not a perfect timing point for entry so not a trade alert but occassionally I will give examples of such breakouts in progress and see how they develop for potential entry points. One to watch!
Sunday, 22 November 2009
Currensee Social Trading Community
I am evaluating the currensee website which provides a forum for traders to interact, a bit like a Facebook for trading. Is proving interesting so far, more details soon.
MGM: At resistance level
22/11/09: MGM Mirage (MGM, NYSE)
At resistance and represents a speculative low-risk play. Sell Short at around $11, initial 50% Take Profit at $9, initial stop loss at $12.
At resistance and represents a speculative low-risk play. Sell Short at around $11, initial 50% Take Profit at $9, initial stop loss at $12.
ISTA: At support level
22/11/09: ISTA Pharmaceuticals (ISTA, NASDAQ)
At support and starting a new uptrend, this represents a low risk trade. A trade can either be entered around the close at $4.19 or a few cents lower around the $4.05 area which is the area I will be targetting.
Initial target and 50% take profit around $4.8, longer term target around $6, stop loss $3.39
Possibility to go for an options play also with .IIQLA Dec 09 $5 call.
At support and starting a new uptrend, this represents a low risk trade. A trade can either be entered around the close at $4.19 or a few cents lower around the $4.05 area which is the area I will be targetting.
Initial target and 50% take profit around $4.8, longer term target around $6, stop loss $3.39
Possibility to go for an options play also with .IIQLA Dec 09 $5 call.
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