Monday 24 August 2020
Market open 9:10 AM Placing a buy stop order on The Foschini group (FTG) above R76.61, at R76.65.
Place stop loss
ATR 2.68
Stop loss R71.17
direction : Long.
Reason for trade: Bullish Divergence
About the trade:
https://villagetrader.co.za/2020/08/09/tfg-bullish-divergence-trade/
Trade update:
BHPGroup PLC- Updated stop loss to: 47.60. Above the high of the previous bearish candle. 47.40.
- Updated risk 0% risk.
- Current paper profit: R88.47
- Trading plan link
- Implala Plat
- Updated stop loss. R171 on Thursday August 2020 based on 2X ATR
- On friday 2XATR was at above current stop at R175.80 meaning doing nothing with the trade. Trading plan link
GlencoreSA (GLN).
- My Sell stop order was hit on Friday 21 August 2020
- Stop loss R40.40
- Initial risk: 1.95% of current R1067.86 account balance at entry
- Entry: R38.09
- Trading plan link:
Pending Trades
Bidvest (BVT)- Trigger candle’s high R148.47 after breaking through the neckline of H&S.
- Stop loss below the low of the right shoulder. At R137.76
- Initial Risk 2.03%
- Direction Long.
- Trading plan link
Closed Trades
Sasol (SOL)
- Entry R153
- Stop loss: 126.31
- Take profit: 217
- Actual exit: 126.31 Initial stop out.
Potential Trade
British American Tobacco SA.Trade style/System breakout of rectangle trading range.
Resistance: 589
Support: 561
Account update:
Current balance (Margin) : 971.43
Current Equity: 1079.61
Paper P/L: 108.
Account % move (incl paper P/L): +7.8%
VT portfolio unit value : R10.80 +8.62 from R9.94