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Shahroor Discussion
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Member Since May 10, 2011 21 posts
sharoor
Jun 23 2012 at 18:10
(edited Jun 23 2012 at 18:13 )
Last week review
I had mixed results over the last week , my trades were based on risk on approach. I made some good trades.Best one being usdcad counter trade off weekly resistance with very small stop which paid off beautifully. On the other hand my trade nzdjpy hit stop loss and reversed back up which was based on the same principle, which shows the disadvantage of a tight stoploss. My trade on sp500 was not according to my plan and no surprise it was a looser. But I was happy that got out of the trade within my risk measures which is a good progress. 2 open trades remains, one within my trading plan and one isnt. I will see how things start next week and adjust my positioning accordingly. I am keeping an eye on gold for a possible long entry once reversal confirmed. |
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Member Since May 10, 2011 21 posts
sharoor
Jun 29 2012 at 20:51
I entered the week following my indicators with risk on approach similar to last week. It was a great week with excellent results.
My best trades were counter trend trades as well as indices trades. I had some drawdown in the middle of the week but all finished positive by the end of the week. The issue over the last week that I need to keep an eye on is the number of positions I have open at any one time which was quite high over the last week although most of the time I try to take quick profits. The month ended very positive and I do not expect the same return every month, I would be happy with a 4-5% return. Gold is still on my radar but the reversal is still not confirmed on my indicators. There are a few interesting charts to watch for next week. I will have a look on Sunday open and adjust my watchlist. |
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Member Since May 10, 2011 21 posts
sharoor
Jul 08 2012 at 21:17
Last week , few interesting things to mention
I took more risk than I should have done, which led to more drawdown than I would have liked. I could have entered my position at better prices but never mind, should be more patience next time. I do not think that the trend has reversed it is more likley a pullback in risk assets but at the end of the day it is not what I think its more what the market is going to do. So I will keep close eyes on the market direction this week and adjust my positions accordingly. |
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Member Since May 10, 2011 21 posts
sharoor
Jul 16 2012 at 11:00
Review of last week. I have initiated a position in Gold last week, have also added a few positions which I probably should have done given the increased risk. This has led to bigger drawdown than anticipated. I will watch closely this week for continuation of upside momentum in risk assets. My aim to exit positions once partly once sp500 around 1400 if it gets there ! that would be my target as this is the leader for all risk currencies in my opinion.
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Member Since May 10, 2011 21 posts
sharoor
Jul 22 2012 at 02:36
Review of last week.
I am expecting a major move in gold this coming week and I will be positioned accordingly. My view is still bullish on stock market and risk currencies as I see no major change on my charts. I continue to hold my positions based on that view and until the chart tells me otherwise there will be no change. My target on sp500 is still not reached so I will keep an eye on this and watch for any signs of trend change. |
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Member Since May 10, 2011 21 posts
sharoor
Jul 28 2012 at 03:30
Review of Last week
Gold made a big move as expected and I was well positioned for the move and made a nice profit on Gold, I am still holding one gold position. SPX moved as expected and getting closer to my target of 1400, I took some profits already but also holding some positions to reach target. the market has been very difficult over the last 4 weeks up and down but sticking to my views and reading the charts well with patience paid off. Next week the plan is to add to my positions if any pullback otherwise sit and watch. |
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Member Since May 10, 2011 21 posts
sharoor
Jul 31 2012 at 21:58
Update:
I abandoned my target of 1400 on sp500 and sold my positions and risk on trades for 2 reasons 1- important news coming out over the next 2 days 2- More importantly I realized that we are hitting a major resistance area as you can see on my attached chart. I entered a short position on FTSE100 instead Lets see how it plays out Attachments:
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Member Since May 10, 2011 21 posts
sharoor
Aug 03 2012 at 22:55
Last week review
It was an interesting week with large swings in the market. I exited my positions in currencies and sp500 with good profits , I also secured some profits by shorting the market on Thursday. I have re-entered short on Friday impressive retracement as the market still sitting on strong resistance area as per my chart above. would be interesting to see if this resistance area stops the market advance. |
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Member Since May 10, 2011 21 posts
sharoor
Aug 12 2012 at 14:06
Last week review
The market reached my target of 1400 after all , however I have been short over last week. The market is showing strength and is possible to continue its upside move in which case I will adjust my positioning on any retracement. Bonds has bounced off support and prices are still below previous high on sp500 so no change of plan until these levels are broken. On the other hand I had some good short term trades at price extremes and important pivotal points and managed to make good profits over the last week. These trades seem to well with very minimal drawdown so will keep practicing them and see how they do over the long run. Wish me luck |
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Member Since Jun 06, 2012 1360 posts
stevewalker (stevewalker)
Aug 12 2012 at 14:10
keep up the good work.
goodluck! walker Trade the Trend, Defend to Price! |
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