Monday 29 July 2013

290713 update of 1. LSH/HSL confirming thru 252, 2. Adjusted TPO update, 3. 252 LSH HSL update.




P/L: 0% / +£1.66 CAP £2611.77

Trades
1. SS 252 (-0.4),  Exit close against 8SMA.  Fault don't trade a PB/RL trade whose confirmation BD/BO 252EMA. Should have waited to trade 2.
2.  HSL 252 (+0.1). Exit close against 8SMA. frustrating was up quite a bit then dwindled.
3. REV thru 252 (+0.1). frustrating like trade 2, as was up quite a bit then dwindled.
A. adjusted TPO. downtrend  when price closes above prior low (not HM/SS), set PT at prior lows
B. adjusted TPO.  uptrend when price closes below prior high (not SS/HM), set PT at prior highs
A. HSL 252 (+2),  exit TPO. This is a variation on a RL trade, it shows that when price RLs to the 252 trigger needn't touch 21EMA, 252EMA is fine.

Notes  to add to Guide!
1.  don't trade PB/RL trades with confirmation BO/BD 252EMA.
2.  Adjusted TPO.A. adjusted TPO. downtrend  when price closes above prior low (not HM/SS), set PT at prior lows.B. adjusted TPO.  uptrend when price closes below prior high (not SS/HM), set PT at prior highs
3. HSL / LSH at 252 triggers need only touch 252EMA (21EMA not needed) and close with 8SMA.

Summary: One fault at the beginning of the day, kind of knew this but needed to experiment. glad I did as I have satisfied that thirst and now know it doesn't work definitively. Great lesson on adjusted TPO and the same on HSL and LSH at 252. Really hard day personally I had a lot of problems at my flat that I rent out and actually spent a lot of the day sorting things out there even visiting mid afternoon. Overall very happy with my results due to this!

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