Wednesday, 20 July 2011

Wednesday 20th July

Looks like a bullish morning for Europe, after the comments made by Obama late in yesterdays Dow session.

1 - long at 5819. Base stake * 0.4.  Will add more if there are any dips down to 5805 area.

2 - added more, base stake * 0.4 at 5809.

3 - half taken at 5851. £83 profit.  Other half at break even.
still running the half long. Think i will hold through the Dow session and not trade the Dow today.

1 - he who dares. Long Dow 12575. Base stake 0.66. I may regret this but think the Dow will have one more surge up today.

2 - added one more Dow at 12565, Base stake * 0.33. All in now. Will have to watch closely and exit on first sign of weakness to preserve this mornings profits.

3 - been out and about this evening.  FTSE ajusted stop at 5838 hit for £56.60 profit.
Dow adjusted stop hit at 12554 for loss of £-53.50.

Hugely dissapointing end to the day. Had set a dow limit of 12615 and missed it by 15 points. Could have been another £100 winner but turned into a bad loser. Never mind, we can;t be in front of the computer all hours.

Total profit today = £85.10.

Try again tomorrow, although unsure about market direction now.

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