Monday, May 26, 2008

Example of a recent trade

I've attached here a chart for a recent trade I have opened in Dominion Petroleum(LSE: DPL). Sharescope has been configured to show long trades in the shaded green areas, and short trades in the red areas. The original programming was done by another Sharescope user, who posted his code for his version of one of the Turtles Systems here.
I have tweaked the coding for my own parameters ( I follow the shorter-term Turtle system), and this is the basic system I use. As you can see, entry was given 4 trading days ago at the 17p area. Due to the sharp rise in the price of Crude oil, the Oil & Gas Producer sector is very bullish at the moment. There has also been impressive volume on this move up. We will see how this trade pans out.

Click on the image to enlarge the chart.



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