Hi folks, a couple of bets today. On the form study, I like the look of Willie Mullins' Champagne Agent (3.05 Gowran), priced around 6/5:
Bumper winner and 4-time runner-up over hurdles, most recently 1½
lengths behind High Desert in 15-runner Fairyhouse maiden. Not
progressing, though only looks to have Kashline to beat here.
On the favourites strategy, Willoughby Hedge is the selection at Taunton, priced around 9/4:
Fourth in pair of bumpers in the spring and made a promising start over
hurdles when chasing home a couple of useful sorts at Exeter last month.
Should improve and got to be high on shortlist here.
Haven't done too much on the financials lately but I still have that trade open on the FTSE as described in Mark Shipman's book:
Big Money, Little Effort: A Winning Strategy for Profitable Long-Term Investment
It's basically a moving average strategy and it's working so far with the trade in profit. However, my gold has gone into decline and the price of an ounce is now $1695. So my open trades in my account have my balance basically floating around zero - with the bad gold position more or less cancelling out my good FTSE position.
But there could be a good gap trade emerging on the S&P500 which I'll probably try around 11.30am. As you can see, I've drawn a line across the chart at last night's closing price. The current price is a few points below that.
The trade here is to basically buy the S&P500 around 11.30am (when the American traders start hitting their desks) and take my profit if/when the gap closes and the price hits last night's close. The stop loss is one and a half times the gap:
19 hours ago