always place your system BO orders when expecting a move.

always place your buy stops when expecting a break out move.

When trading within a Monthly or weekly pattern and trading daily of intraday patterns - set short term targets according to each set up, you will get opportunity to buy in again. don't just bulk up to get hammered in down swings!

Lesson

1. Patience on the big timeframe strong patterns See LII make its P*F £545 target.
2. Sell at your target levels, don't re-add too soon and bulk up at or just after Key resistance levels think Gold Sept 2009 peak at $1007 run back to $980's

Silver vs Gold

As Silver goes up more in percentage terms. Maybe the Gold trigger could be used as an entry on Silver?

Silver up 1.98% Gold 0.9%

Cash & Value destroyed

My order execution is wek.

I had moved a stop up and submitted two market orders too sell WMB at matrket after hours.

These were filled whilst away both of them putting me short. I was sold out at low whereafter share recovered where I had to be back square for a loss on the way down and UP.

Order entry and incidental mistakes have been plentiful. They have cost me the difference between good growth and a net down position.

I have been in numerous upside break outs but are net down at present!

Trade placement is requiring more attention.

Order verification and clearing of duplicates is essential.

Especially when a number of trades are in play.

Lost £2,5K

... Because I entered an unrelated short rather than closing the related long orders.

Saxo Market Maker forced gold right down to my stop at $934.70 on the near contract... all other platforms did not go so low... filled my covere so was net short at the bottom of the down spike.

New Tips and keen watchlist Candidates..

New Tips and keen watchlist Candidates..

UKCoal - UKC

SHanks Group -

Pitney Bowes - PBI

NYSE Euronext

more to follow..

Royal Dutch Shell...

Shell has made great BO progress.

Better than BP, who had a slightly lesser set up pattern quality.

Gold spiked into life with Oil's persistent strength.

Yell and CK Restaurants..

Two entries two take profits for 90% of the position, followed by later Money Management Stop on the residual 10%. Text Book trade for BO, great if they worked like this every time. The final entry was 1510 by the in yesterday 19th Aug, market shut at 1630 and we were out in first 10 minutes next morning, was still in bed when targets were hit. The arrow heads were the entries on the platform up for Buy down for sold. Enjoyed that, did well on CK restaurants (US Stock) good day. Enjoy the chart.

Shares Ftse100/250 more climbing

Some future Break Out (BO) candidates.... Yell Group... Royal Dutch Shell, BP, .. Collins Stewart Plc


For our US friends or traders of US markets.. CKE Restaurants (CKR), Rowan Companies Inc. (RDC)

gold weekly... when is 'B' day?

When is 'B' day?

Targeting Johnston Press.

JPR just made Local first high on nonstandard pattern.

Due to blip down I wasn't in this one but target would have been right for evening star just made and surpassed local high not full blown RH1.

Good short term lesson here.

ETI & LII post BO

LII - Trades

The lesson here was over sizing leading to big drawdown.

Also not taking more money off the table at the primary break. £25K up at one point on this trade.

Another mistake was re-entry followed by retreat after initial surge.

Bad execution on a great trade.

liberty trades...

Liberty International Plc Bought OTC 31/07/2009 09:01 31-Jul-09 3,000 £4.41 £13,222.50 13,222.50 Liberty International Plc Bought OTC 31/07/2009 09:15 31-Jul-09 5,000 £4.40 £22,005.45 22,005.45 Liberty International Plc Bought OTC 31/07/2009 10:10 31-Jul-09 10,000 £4.43 £44,250.00 44,250.00 Liberty International Plc Bought OTC 31/07/2009 10:28 31-Jul-09 10,000 £4.44 £44,375.00 44,375.00 Liberty International Plc Bought OTC 31/07/2009 10:59 31-Jul-09 5,000 £4.44 £22,176.25 22,176.25 Liberty International Plc Bought OTC 31/07/2009 11:46 31-Jul-09 7,000 £4.46 £31,206.84 31,206.84 Liberty International Plc Bought OTC 05/08/2009 07:07 05-Aug-09 10,000 £4.47 £44,680.00 44,680.00 Liberty International Plc Bought OTC 05/08/2009 08:59 05-Aug-09 15,000 £4.56 £68,434.50 68,434.50 Liberty International Plc Bought OTC 05/08/2009 12:06 05-Aug-09 15,000 £4.65 £69,715.65 69,715.58 Liberty International Plc Bought OTC 05/08/2009 15:28 05-Aug-09 20,000 £4.68 £93,508.00 93,507.97 100,000 £4.54 Liberty International Plc Sold OTC 06/08/2009 07:29 06-Aug-09 7,500 £4.80 £35,962.50 35,962.50 Liberty International Plc Sold OTC 06/08/2009 07:35 06-Aug-09 3,500 £4.81 £16,831.50 16,831.50 £0.00 Liberty International Plc Sold OTC 07/08/2009 09:18 07-Aug-09 10,000 £4.63 £46,289.00 46,289.00 Liberty International Plc Sold OTC 07/08/2009 09:19 07-Aug-09 5,000 £4.63 £23,151.00 23,151.00 Liberty International Plc Sold OTC 07/08/2009 09:19 07-Aug-09 10,000 £4.63 £46,269.00 46,269.00 Liberty International Plc Sold OTC 07/08/2009 09:19 07-Aug-09 10,000 £4.63 £46,254.00 46,254.00 Liberty International Plc Sold OTC 07/08/2009 09:20 07-Aug-09 15,000 £4.61 £69,222.00 69,222.00 Liberty International Plc Sold OTC 07/08/2009 11:06 07-Aug-09 3,000 £4.59 £13,782.00 13,782.01 Liberty International Plc Sold OTC 07/08/2009 11:06 07-Aug-09 1,500 £4.59 £6,891.00 6,891.01 Liberty International Plc Sold OTC 07/08/2009 11:06 07-Aug-09 7,000 £4.59 £32,158.00 32,158.03 Liberty International Plc Sold OTC 07/08/2009 11:06 07-Aug-09 2,500 £4.59 £11,485.00 11,485.01 75,000 £4.64 Liberty International Plc Bought OTC 10/08/2009 14:43 10-Aug-09 30,000 £4.79 £143,637.90 143,637.84 Liberty International Plc Sold OTC 11/08/2009 13:36 11-Aug-09 30,000 £4.61 £138,300.00 138,300.00 Liberty International Plc Sold OTC 11/08/2009 13:53 11-Aug-09 5,000 £4.58 £22,882.90 22,882.88 Liberty International Plc Sold OTC 11/08/2009 13:53 11-Aug-09 20,000 £4.58 £91,531.60 91,531.51 55,000 £4.59 Sold 130,000 £4.62 Bought 130,000 £4.59 Profit before brokerage £3,797.41