Executed trade

Hi,

I just wanted to quickly show you a trade that I took for my pension fund on Friday 3rd February 2012 and exited the trade on Monday 6th February 2012 = 2 trading days.

The trade resulted in a profit of 2.58%, less commissions/trading fees so I nett’ed just under 2% as a return.  The risk was 2% so this was a 1:1 trade and lasted less than 2 days.

I do, do a lot of 1:1 trades, it’s just my nature to take off profits when they’re there!  If you think in terms of an account being £100k then a 2% profit is a decent sum, but it’s also a lot to lose on one trade too!  But for someone with £100k of funds it might only mean trading twice per month to generate a very decent income, obviously if you trade more you’d make a lot more – but you would have a couple of losing trades too.

What made me take this trade?  The 2 key things were 1) the WEEKLY 8 DTOSC was a fresh BULLISH reversal and the DAILY 8 DTOSC just made a fresh BULLISH reversal – Price had also stopped just above the 70.7% Fib level

This is an automatic LONG trade for me – No Elliott Wave counts or time aspects just pure price levels and DTosc reversals.

Look at the chart:

Vodafone

Point 1 is my Entry zone, point 2 is my Stop and point 3 is where I got out – please note that I’ve written this post prior to uploading the chart, I wanted the chart to show Wednesday 8th February 2012’s DTosc position, so you can see what the markets actually done after I’m out of the trade.

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