Planning of possible trade on Ford Motor Ord as a CFD

Start off with a Bird Eye View, see the larger picture.

<a href="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/Weekly-Birds-Eye-View.jpg"><img class="alignnone size-full wp-image-598" src="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/Weekly-Birds-Eye-View.jpg" alt="Weekly Birds Eye View" width="800" height="242" /></a>

Birds Eye View: WEEKLY chart

<a href="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/ford-weekly-bigger-picture-2sep15.jpg"><img class="alignnone size-full wp-image-595" src="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/ford-weekly-bigger-picture-2sep15.jpg" alt="ford weekly bigger picture 2sep15" width="600" height="505" /></a>

Now you move to the DAY chart for your planning.

<a href="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/Ford-DAY-planning-chart-A.jpg"><img class="alignnone size-full wp-image-602" src="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/Ford-DAY-planning-chart-A.jpg" alt="Ford DAY planning chart A" width="653" height="732" /></a>

Quick Score Check List:

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<a href="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/FORD-DAY-planning-Check-List-A.jpg"><img class="alignnone size-full wp-image-603" src="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/FORD-DAY-planning-Check-List-A.jpg" alt="FORD DAY planning Check List A" width="931" height="623" /></a>

Position size, Risk and Reward calculations:

<a href="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/FORD-DAY-planning-Check-List-B.jpg"><img class="alignnone size-full wp-image-606" src="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/FORD-DAY-planning-Check-List-B.jpg" alt="FORD DAY planning Check List B" width="778" height="568" /></a>

Execution of trade:

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<a href="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/Ford-DAY-execution-chart-A.jpg"><img class="alignnone size-full wp-image-607" src="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/Ford-DAY-execution-chart-A.jpg" alt="Ford DAY execution chart A" width="647" height="730" /></a>

Profit Taking:

We started off with a StopLoss on  13.10
<ul>
	<li>On reaching the Resistance at 14.31 I moved the initial trading StopLoss to break even.</li>
	<li>First profit with 25% of the positions was taken on the resistance at 14.31</li>
	<li>2nd Profit of 25% was taken when prices closed below the previous candle at 15.23</li>
	<li>3rd Profit of 25% was taken when the RSI closed below the mva at 15.52</li>
	<li>The final 25% was closed when prices closed below the 21 mva</li>
</ul>
Every time I took profit the StopLoss of the other positions was moved to just below the previous low.

Total Profit 321.39. Remember that for CFD's on shares there is normally a brokerage cost, in my case $10 minimum. So I paid $10 on entry but another $10 each time I closed part of the position. Total costs $50 in this case. If you trade a smallish account this cost is important to keep in mind.

For this trade my ROI calculated as the money I put up as StopLoss risk capital was 217% after costs. ROI calculated as part of my trading capital of $2,500 it was 11% after costs.

<a href="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/Ford-profit-taking-summary1.jpg"><img class="alignnone size-full wp-image-610" src="http://tradinghubonline.com/blog/wp-content/uploads/2015/09/Ford-profit-taking-summary1.jpg" alt="Ford profit taking summary" width="810" height="281" /></a>

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