So when reviewing my account last week I had three trades in play and 5 that weren’t executed.
I looked at the market first and it appears to be in an upward trend. The close for the week was little different from the open which may be of some significance.
So my first job is to review the 3 in play trades against my spread betting strategies to see if the case for the trade still exists. All 3 appear to be in an upward trend so happy to let the trades run.
There does however to be some resistance at the closing level of Filtrona but reaching resistance is not an exit point in my spread betting strategies so the trade remains in play.
I have not amended the stop losses for these 3 trades.
I then reviewed the 5 trades which were not executed this week. Having done a full review against my Spread Betting Strategies not one of the trades now fulfil they relevant criteria so I have abandoned each one.
I then continued my analysis to find new trades, the trades that I set up on my spread betting trading platform (23/10/09) are below…
Buy Chloride Group @ 170.7 (£19 Total risk in brackets)
Buy Cadbury @ 811 (£14.25)
Buy Synergy Health @ 628 (£21.1)
Buy Aviva @ 458.5 (£17.5)
Buy Grainger @ 321.5 (£23)
Buy Friends Provident @ 84.5 (£19.6)
All the trades were set up with contingent stop losses in line with the spread betting strategies.
These trades were set up last Saturday so I will give an update about the 3 trades I had in play and if any of the further 6 trades were executed. Having just looked at the markets I think it is more likely my 3 trades were stopped out!!