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UKX Long trades

index:ukx

#201

Long at 7602.80. Re-added a 4th for better overall balance with 7 shorts + reasons stated previously.


#202

Long at 7583. Re-added a 5th, same reasons.


#203

Closed at 7594.30. Booked 11+ points more. Longs down to 4.


#204

Closed at 7612.80. Booked 10 points. Longs back down to 3.


#205

Long at 7598.30. Re-added a 4th. Same logic.


#206

Closed 7614.30. Booked 16 points. Maybe a bit too soon, but would rather secure gains.

Longs down to 3.


#207

Long at 7606.80. Maybe entered a bit too high, but I rather re-add a 4th due to weakness of Sterling.


#208

Closed at 7614.80. Settled for only 8 points as Sterling seems to be recovering a bit. Also need to leave my desk. Longs down to 3.


#209

Long at 7610. Re-added a 4th in case of further bounces stemming from US/China trade deals.


#210

Closed 7632.50. Booked 22.5 points. Longs back down to 3. So ends another decent day overall.


#211

Long at 7621. Re-added a 4th for better balance.

Edit: Temporary limit sell order placed on this at 7642, also a recent resistance level as UKX closed just above that yesterday. Will post later if triggered.


#212

Closed 7641 Booked 20 points. Longs reduced to 3.

No further action planned for today unless we see a reversal or a steep rise from here. In latter case another long may be closed.


#213

Closed at 7660.30. Booked 11+ points. Longs down to 2, hedging 8 shorts.

That imbalance is of course a bit risky, but it follows on from my firm belief that UKX will see shaper reversals later. If I’m very wrong, I may close a couple of shorts at loss. But that decision is for later.


#214

Closed at 7687.30. Booked 17.5+ points. Reasons: UKX closer to YTD highs. Though longs down to 1, it’s a risk my account can easily tolerate even if I do little more on the short-side for a while.


#215

Long at 7668.30. Re-added a 2nd a bit higher than desired, though lower than the one closed, & for obvious reasons in this climate with Sterling’s value continuing to go down.


#216

Long at 7646.30. Re-added a 3rd. Simply makes sense to re-establish more long hedge positions against 8 shorts.


#217

Closed at 7658. Booked 11.5+ points. However, I anticipate a bit of a slog here until UKX drops to at least below 7600. Not a good period for me.

UKX spiked higher just after I closed. Typical. Longs down to 2.


#218

Long at 7644.80. Re-added a 3rd, same logic.


#219

Closed at 7655.80. Booked 11 points. Back down to 2 longs.


#220

Long at 7647.80. A 3rd re-added.