AMP LONG

LONG AMP 7.10 - 1400 vol - Stop 6.74 - Target 7.46

WHAT A DAY

With the DOW dropping over 700 points I knew the carnage would be felt today. Big loses were felt in AMP WBC TOL BLD all being stopped out while WOW made a little gain as I sold it out of the big slide in the Dow.

Could have gone either way though if they had pased the bill to bail out the banks and could have seen a different senario. But thats trading.

What I did notice over the last week when Short Selling was banned for a month , was it really did limit the system ,missing out on 2 possible winning trades. Even though they would have been at target point before todays selloff it would have made the figures look a bit healthier.

I will really have to consider my actions while this ban is on to whether it is viable to only Long Trade the system especially in a bear market because it has limited the earnings potential. The system has never neen tested in this enviroment but then again, a trader needs to be flexible to rise above the challenge.

Looking at the positive side though with the biggest losses in wall street in decades and our market sliding into a Bear Market the system is still trading in a profit. so we must keep trading away.

LONG BLD

Long BLD on open 6.40 - 1550 vol - Stop 6.08 - Target - 6.72

Stroke of Luck or potential disaster

Well this was a first...

I arrived home today expecting my STOP on AMP to be executed but instead it wasn't.
A message appeared in my message box that I was not permitted to SHORT SELL. mmm strange, I wasn't intending to sell short.

I rang my CFD Provider and asked why was the order classified as a short and he explained that because I didn't pair up my orders, I put 2 orders in 1 for my target and 1 for my stop, the program thought I was short selling and cancelled my order.

He then went on to teach me how to pair with an OCO order( One Cancels the Other) Exellent tool, but I hope come Monday that it won't turn out to be an expensive learning lesson.

Well all orders are reset to OCOs and so we continue with the trade.

Oh yeh.. AMP finnished on 6.88, the same as Thursdays close. That means I have another crack at it.

LONG TOL

Long on open in TOL today 7.32 - 1350 vol - Stop 6.95 - Target 7.69

STO Target Met With $480.00 NETT Profit

Target met (19.28) on STO today with $480 nett Profit.

2 days in trade.

LONG WOW

LONG on open WOW $27.40 - 380 vol - Stop 26.08 - Target 28.72

LONG STO

LONG STO on open $18.35 - 540 vol - Stop 17.42 - Target 19.28

LONG AMP, WBC

These 2 entrys are a reminder why rule (2) in the system is so important when looking for an entry position.

RULE (2): ENTRY POINT IS 2.5% FROM PREVIOUS CLOSE.
RULE (3) IF ENTRY ISN"T MADE THAT DAY THE TRADE CLOSES.

Long AMP 7.18 - 1400 vol - Stop 6.82 - Target 7.54

Long WBC 24.13 - 420 vol - Stop 22.94 - Target 25.32

AXA PROFIT $1066

Profit on AXA at open of $5.70 with nett profit $1066

Margin for this trade was $501 which represents over 200% return.

LONG AXA

Long AXA 5.14 - 1950 vol - Stop 4.89 - Target 5.41

STOPPED WBC AXA SGP

Stopped WBC @ 22.00 nett loss $652

Stopped AXA @ 4.90 nett loss $687

Stopped SGP @ 5.05 nett loss $668

WOW Nett Profit $484

Met Taget on open today with WOW @ $28.45 with nett Profit $484.00

Long WBC SGP AXA

Long WBC 23.50 - 420 vol - Stop 22.31 - Target 24.69

Long SGP 5.39 - 1900 vol - Stop 5.13 - Target 5.65

Long AXA 5.25 - 1900 vol - Stop 4.99 - Target 5.51

WES PROFIT $547.00

Achieved target ith WES today on open @ 29.00
Nett Profit $547.00

EXIT STO ON REVERSAL

Sold STO on open($18.64) on System Reversal Conditions nett LOSS $67.00

SHORT WES

Short on open today on WES $30.69 - 330 vol - Stop - 32.21 - Target 29.17

TOL PROFIT LONG STO

Target $7.55 met today on TOL with a Nett Profit $468

1 entry today on open.

Long STO $18.70 - 550 vol - Target 19.61 - Stop 17.79

LONG WOW

Long WOW (27.00) on OPEN 360vol - Stop 25.61 - Target 28.39

Profit WBC Loss NCM LONG TOL

Over target on open with WBC ($24.00) nett $529
Stopped on NCM ($25.43) Nett Loss$539

Long on TOL at open $7.19 - 1400vol - Target 7.55 - Stop 6.83

WES loss $38

Had a reverse signal last thursday and friday therefore the rules opted me out at the open today at $31.64 with a slight nett lose of $38.00.

End of Month (AUGUST) Trading Account Balance

$982 PROFIT AMP, AXA

AMP Targt(6.85) met Nett Profit $456

AXA opened higher(5.19) than target(5.16) Nett Profit $521

BHP PROFIT Long WES

Target met BHP 41.62 nett profit $461

Long WES 31.65 - 320 vol - Target 33.21 - Stop 30.09

PROFIT ON TOL

TOL target met 7.34- $470.00 nett profit

LONG TOL

LONG TOL 7.01 - 1500V - STOP 6.68 - TARGET 7.34

LONG AMP, AXA, BHP

Long AMP 6.52 - 1500v - Stop 6.19 - Target 6.85
Long AXA 4.91 - 2000v - Stop 4.66 - Target 5.16
Long BHP 39.70 - 270v - Stop 37.78 - Target 41.62

SOLD BXB

Sold BXB (8.46) on open after system reversal - Loss $29

WBC LONG

LONG WBC OPEN $22.70 - 440V - STOP 21.56 - TARGET 23.84

BXB Reversed today-will be selling on open tommorrow

NCM STOPPED OUT

Stopped on NCM 24.42 - vol 4oo - Nett Loss $ 574

Long today on open BXB $8.46 - 1200vol - Target 8.88 - Stop 8.04

NCM LONG

Long NCM on open $25.80 - vol 400 - Stop 24.55 - Target 27.05

BSL Profit Target Met

BSL NETT PROFIT $485

Target (9.12) met today, closed trade

Trading days: 2

Todays Action

Sold NAB nett profit $16



Short BSL on open $9.60 - 1050v - stop - 10.08 - Target 9.12

BLD Profit

Target met on BLD today with a $461 nett profit.

Selling NAB tommorrow on open because of a reverse in points after todays trading action.

Week 1

4 trades were executed this week with 4 wins and a net profit of $1,957.

Trades were :

BXB - Long $8.24 - 2400v- Exit $8.63 - Profit $ 885

STO – Short $ 18.00 – 550v – Exit $17.09 – Profit $ 482

TOL – Long $ 6.41 – 1500v – Exit $ 6.60 – Profit $ 260

WOW – Long $ 25.90 – 400v – Exit $ 26.79 – Profit $ 331

2 open trades:

BLD -Long $ 5.90 - 1700v - Stop $5.61 - Target - $ 6 .19

NAB - Long $ 25.80 - 370v - Stop $ 24.45 - Target - $ 27.15