Six times one: 111111

Friday and I was back in the markets after a short sick leave. The magic date of 111111 implied starkly bullish markets and good trading from my side. 

The chart above displays ERIC B intraday Thursday and Friday. It shows a pattern that I like and sometimes manage to trade successfully. Small troughs build up, each slightly higher than the previous one. When we see three, four or five of them, depending a little of the time frame of the chart, in a consolidation phase the breakout over the highs usually leads to quite powerful price movements like yesterday.
Enjoy the weekend folks!

Time to sell

Sold here at 68.30

bought

Bought ERIC at 67.35.

Today

Today I am trading. However no ERIC trade yet since we are in sleepy friday mode.

Today

Status quo was the name of today's health situation. The markets are have been volatile and there is still scope for good trades. I will be back with my trading hat on tomorrow. Bis dann!

Closed today

Today, this trading shop is once again closed due to illness.. Hopefully we'll get it working later during the week. Best

Tuesday

This trader is feeling sick today. I do not know if it was too many champagne cocktails or what, but I will not be trading today. Enjoy your Tuesday folks!

30!

Today I felt I should try the long side as Ericsson started to show some strength and broke back over 70. The stock has been trending upwards for a few days. When markets are shaky, on down-days they are normally very weak already in the beginning of the session. That I did not sense today why I tried the long side.

We managed to capture a large portion of the intraday trend as around 4 p.m. I felt it was time to sell, mostly because my target was reached but also because I like to sell when the trend is as strongest. This can sometime lead to me selling on the top like today, or sometimes it leads to me missing out on half of a big movement. Today we got it right! We passed the 30% line after less than 4 months of trading. This has to be celebrated. Today I'd like to treat you to a classic Champagne Cocktail*:

Happy champagning, Good night and trade with you later!

Regards

* The recipe:

 Soak a suger cube in Angostura or other bitters. Put it in a champagne flute, add a dash of cognac and fill with champagne. Garnish with a lemon twist or nothing.

Selling

Selling ERIC here at 71.15.

Bought some ERIC

at 70.