Trading Journal As of 5 Aug 2011

What an eventful week ! With the over 500-pt drop from DJIA, it was bloody carnage everywhere. Some existing positions were closed and some new positions initiated. Here is the update for this week.

Stopped Out Long Position

Starhub

Starhub - Exited Half at Peak Before Stopped Out Due to Gap Down Open
Starhub Daily Chart

It was a profitable trade for Starhub overall as I had exited half position at peak before stopped out

Stopped Out Short Position

GBPAUD

GBPAUD - Stopped Out Due to Upward Surge
GBPAUD Daily Chart

It was a profitable trade for GBPAUD overall as I had exited half position last week

EURAUD

EURAUD - Stopped Out Due to Upward Surge
EURAUD Daily Chart

This short trade was entered earlier this week. However, the trade reversed and it was stopped out.

The following are the new trades initiated.

Short Positions

Singapore Exchange

Singapore Exchange - Shorting Using Trendline Break
Singapore Exchange Daily Chart

This short postion was initiated using the trendline break. Had exited half during the gap down.

Sembcorp Industries Ltd

SembCorp Ind - Shorted Using Trendline Break
SembCorp Ind Daily Chart

This short postion was also initiated using the trendline break. Had also exited half during the gap down.

Sound Global

Sound Global - Shorting Using Trend Break
Sound Global Daily Chart

Initiated short position using trend break

Singapore Tech Engineering

Singapore Tech Engg - Shorted on Trend Break
Singapore Tech Engg Daily Chart

Also initiated short position using trend break

For the rest, SP Corp long position is still open. The USDCHF, Jacobs Engineering Group Inc and Metlife Inc short position are stilling running. Seems like the bears are in control at this moment.

 

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