Tuesday, June 03, 2008

The one that got away...

My system gave me a buy signal on (LSE: EEL) on 15 May at 6.5p (the start of the green shaded area). I attempted to open a position the next morning, only to get the response from my broker that only existing positions can be closed (or words to that effect). The sharp rise following the signal is exactly the sort of trade I look for - price breakout (20 day high), above the moving averages, and supported by an increase in volume.

It shows even in this volatile market there are potentially significant profits to be had.

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