CBA short

27 mai 2018

-Huge 9 year pattern
-Lower boundary tested many times with out of line moves
-Established medium term downtrend
-50SMA is firmly below 200 SMA weekly
-Daily retest of underside of horizontal boundary friday close
-Measured move down to 44.37

30 basis points of risk
Could prove quite difficult to trade such a large pattern. If I am stopped out, will wait for a continuation pattern to get short again

27 mai 2018

Note

Stop sell order @ 69.12
SL @ 71.36
Will implement trend follow strategy

30 mai 2018

Transaction en cours

Short 69.54 @ Market
SL 71.77
Trend follow model for trade management
We are a day away from the month close, If we are still below 70 by close tomorrow, cannot see price meandering at those levels

31 mai 2018

Note

Happy with that monthly close

1 juin 2018

Note

Stop @ 71.43

5 juin 2018

Note

We had a strong monthly close below $70 but the price back above $70 and the bollinger bands squeezing is making me nervous

7 juin 2018

Note

Stop moved to 71.02

14 juin 2018

Note

Stop moved to 70.56

16 juin 2018

Note

Stop @ 70.20

19 juin 2018

Trade fermée: ordre d’arrêt atteint

Out on the pop above 70