Back in the swing!
General thoughts
Got to revisit an article that I have found yesterday while browsing for FX articles and resources, on indicators to be used for trending and (sideways) trading markets. MACD and RSI where mentioned for a trading market. Now, it would be interesting to see if this can be used in a trending broad market for a trading issue. Also, it gives me a push to get together or seek an RSI trading set-up / template on Wealth-Lab.
With regards MACD I have also figured that it cannot be saved for an after the next day use at all, as it is very perishable.
No new watchlist entries
New trade candidates
TTC-A: FMCN
MACDV: GS, SEIC, USG, WCG
GAPHV: BWLD, FMCN
Market session notes
As far as my open positions are faring, I hope to have a positive open that would let me have a room for a tight (5%) trailing stop at least on the VIP Apr Call. Also, I believe the ACL Call will do better as it was raising on good volume the day before.
Market was going down, so I scrapped my plan and have called it a day.
Open positions at market close 20 February 2007:
| .ACLEG | ACL MAY 135 Call | $3.70 | ($100.0) | ||||
| .LMEB | LM MAY 110 Call | $3.30 | $30.0 | ||||
| .VIQDR | VIP APR 90 Call | $5.40 | $140.0 |
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