The short the medium and the long

What is new for 2017?

Firstly, for my day trading from 5-minute charts I’ve chosen:


I trade these most days (half day Friday) from 8am to 6pm. With an hour or two off here and there for good behaviour. I will report day trading ideas from time to time through this weekly blog.

Secondly, for the ‘slow Trader fund’ from daily charts I’ve chosen:

The UK top 200 shares

This was after reflection over the holiday period. Trading currency pairings on a higher term chart, when probably taking the opposite view on a lower term chart, is difficult. Therefore, we needed a home for the fund and the UK top 200 shares fits the bill. Why not US stocks? There is a change in tax on US stocks and also we consider that later this year a large move in the dollar is likely. There is enough going on trying to pick share direction – we don’t need to have to factor in major currency changes too.

I’m excited about this move of the fund. We will trade both long and short based on ‘price action’ technical analysis. It will provide stability and the increase that we’re looking for. I review all qualifying shares every trading day morning. Entries are based on daily charts, however, best entries may be found on lower time frame charts. Ideally we are looking for entries to last a few days out to a maximum of a few weeks.

I’ve chosen a selection of the top 200 shares that have what I’m looking for in terms of price, liquidity and stability. I will blog the complete list later and keep members updated of results through this blog.

Finally, we also want to provide information for the best UK pension ever. That is long-term (many years) investment via a UK share ISA.

This is a reintroduction to Slow Trader of fundamental analysis. Nick has kindly agreed to provide regular information from his spreadsheet on which UK shares are great performers and available at the right price. Nick will be reviewing the FTSE 350 (that is the FTSE 100 and 250 combined) and I will keep you updated from this list. I won’t provide a description of companies, as I’ve done before, but simply the essentials from the spreadsheet. These are for long only consideration.

This is all about the fundamentals and the incredible analysis tool that Nick has created. However, James and I will add our long-term (weekly and monthly chart) technical slant. More of this soon.



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