S. Richie
"Hi Guy just thought i'd drop you a line to tell you how well your flag trader course is working for me.
After a month or so of sitting on my hands things sparked into life a couple of weeks ago with several lovely bear flag pattens. Here are a few of my trades
- AIR sold @1860 still in the trade having taken 50% profits
- RYL sold @26.93 still in trade taken 50% profit
- CTX coiled spring sold@1746 agin still in trade after taking profits
- NM sold @11.15 profits taken still in trade
- EK sold @1520 still in trade another flag now forming so may enter again
- RMBS entered on a break below 200 ma hopefully this will move my way
- AIG sold @3789 still in the tradeafter profit taking
- LEH entry @34.36 still in trade having taken nice profits around 28
- ADM entry below 3786 !!!!!!!
- KEY Sold @1862 !!!!!!
- TEN Sold @23.65 profits taken still in trade
- UVV sold @49.54 hard work this one may get out as there are better opportunities at present.
In this period i have had 2 losing trades
The secret to flag trading is you need to be patient all the trades shown have happened in a recent two week spell but before that i had a month or so with nothing as we had a bull rally which i am not interested in as the bears are definately still in charge credit crunch bear sterns. etc etc."