Stock Trading Ideas for 11th April 2011
Lately I’ve been doing a lot of experimentation on different trading systems and timeframes. I particularly like a hands off approach giving me time to enjoy life.
I’m particularly fond of set-and-forget systems and one which was performing rather well is the Forex Morning Trade – click here if you want to have a look at it
Anyway, I’m also looking at swing trade FTSE100 companies using just a 6 day and 21 day moving average cross. I’ve done some backtesting and although it is very simple, it seems to work. I’ve gone through my charts and if I were to trade, this is what I would do. I do not recommend that you do these trades – it’s purely for me to document and if it does work, perhaps I will provide alerts to people.
Anyway, here goes. These trades ideally will be place first thing Monday 11th April.
Admiral Group (ADM) – buy at open (price above 1580). Stop would be 1550 and target 1700.
AstraZeneca (AZN) – buy at open (price above 2910). Stop 2880, target 3000.
Barclays (BARC) – buy at open (price above 290). Stop 280, target 320.
Lloyds (LLOY) – buy at open (price above 61). Stop 59.3, target 67
Royal Bank of Scotland (RBS) – buy at open (price above 42.5). Stop 41, target 47.4
RSA Insurance Group (RSA) – buy at open (price above 133.3). Stop 132.7, target 140
TUI Travel (TT.) – buy at open (price above 231). Stop 227, target 253
I’m going to watch how it goes and report in over the course of the week!
