Subscribers had an early email from VAL on Monday morning, to advise action be taken to close our Hangseng index position. This being the most volatile index that we trade – although we were still about 280 pips (in my particular case), from the limit stop being activated, he figured that with the significant up-trend witnessed overnight, we would be best placed to take the profit our positions had made.
In my case, a very appealing 7%.
Although the method is quite specific in how to determine if a trading opportunity on a particular market exists, the advice on positions is a little more flexible. So, if the markets move significantly in our favour, it is quite acceptable to close the position earlier, if necessary, than wait for the profit target / limit stop, to be hit. Although, I would recommend waiting for a formal acknowledgement from VAL via either an email / newsletter / SMS text , before such action is taken.
Totals follow :
| Hong Kong 40 | Buy | 0.2 | 22492 | 23366 | 20/5/13 | £174.80 (+7.0) |
| AUDUSD | Sell | 0.3 | 1.0181 | 0.9732 | 16/5/13 | £134.70 |
| EURJPY | Buy | 0.3 | 128.1 | 132.48 | 14/5/13 | £131.40 |
| US Tech 100 | Buy | 1.4 | 2848.4 | 2946.3 | 7/5/13 | £137.06 |
| Japan 225 | Buy | 0.3 | 13410 | 14130 | 3/5/13 | £216.00 |
| USDCAD | Buy | 0.4 | 1.0197 | 1.0076 | 30/4/13 | -£48.40 |
| AUDUSD | Buy | 0.4 | 1.0336 | 1.0241 | 26/4/13 | -£38.00 |
| Review Total | £707.56 |
Representing a 28.3% return since the beginning of April.
Despite closing one position, as previously advised, another signal appeared on Friday, so we have taken another position in the markets- 5 positions OPEN at the present time.
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