Review of trades this week (16-20 June 2008)

I just returned from my trip to North America on 19 June 2008. I had not been monitoring the market much but have just realised that the major indices have all broken key support levels and are about to test the lows of Jan and March 2008.

I'll need to spend some time analyzing once again. Got to look at the Elliot Wave count among other things. But I decided to take some profit off the table on Singtel first.

1) Singtel (Bought on 9th May 2008)

Long
Entry price 3.66
30 day ATR 0.09
1.5X ATR30 0.135
Cut loss stop on 1.5ATR30 3.525
Recommended cut loss 3.57
Loss on recommended cut loss -231.2547714
Target price 3.89
Profit on target price 406.476691
Reward/risk ratio 1.757700775

Sold on 20 June 2008 at 3.76
Profit = $130


2) COSCO
BOUGHT 2 lots 15 May 2008

Long
Entry price 3.51
30 day ATR 0.2
1.5X ATR30 0.3
Cut loss stop on 1.5ATR30 3.21
Recommended cut loss 3.23
Loss on recommended cut loss -607.7810732

Target price 3.89
Profit on target price 707.540068

Reward/risk ratio 1.164136396

Last done price = $3.34
Paper loss = -$396

Total realised profit/loss = $3435 + $130 = $3565
Unrealised profit/loss = $-396