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We had a good week of trades thou it became crazy due to election results.

Astrazeneca: Bounced of trend line and currently up 160 points so free trade.

First Group: This broke out of the 123 low formation but this gapped above entry and then tested the breakout point , so entry was at breakout point.

Wheat: Went long on wheat and still in position.Stops are below recent low.Currently 10 points in profit

SegroThis broke out nicely of the head and shoulders pattern.This was making a nice profit until election day results spoiled the trade as this gapped above entry and made this a losing trade

Its always good to get the feel for the markets before placing any of these trade. This weeks shares were a prime example of being aware of days that can move markets.We had the election results come out and the markets rallied hard and forced one of my shorts to gap up and become a losing trade.So when key events are due its best to stay out of markets unless your able to act fast.In this case that was not possible as this gapped up violently and forced my profitable trade to become a losing one. Please remember that these are all short term trading tips so some times you have to exit quickly . If prices finish close to the entry point then you need to be careful with placing an order to open.It may be best to leave these trades alone as the risk of a gap up or down could cause real problems with the trade.When prices hit my first attempt trades they normally would move away fast from this entry.If the price stays there for too long then there is a good chance the trade may fail so you need to watch the share more closely.Also its good to keep an eye on previous weeks share tips as some of them may still activate.

Remember to use stops on all trades and DO YOUR OWN RESEARCH.

 

For all index and currency live trades its best to keep an eye out on the forums as thats where i post them if they look good.Most trades are discussed on the live chat so if your not using them ,then your missing out on some great day trades.

These trading tips are the ones to watch for the week ahead from 11th May - 17th May 2015.

If your looking for the Navigation bar then please minimize the chat window before clicking the charts.

 

 

 

 

 

 

 

 

 

 

 

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