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)|
|US Tech 100||Buy||1.4||2848.4||2946.3||7/5/13||£137.06|
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.
You can try HAV Trading here: