Trading U.K stock market using Mark Minervini strategy

Friday, Dec 14 2018 by
49

Mark has been interviewed by Stocko a couple of times and from some of the comments on various threads there appears to be a few of us using his methods to trade the U.K stock market. I thought it would be useful to have a dedicated thread where we can discuss how well its working.

Personally I have been in cash at least 50% since the end of May and at 95-100% since early October. Getting out of stocks as they roll over has protected me from any real damage.

I'm struggling to find many setups I want to buy so I am developing my "sit out power"

How is everyone else doing?


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Disclaimer:  

As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


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568 Posts on this Thread show/hide all

unwise2 11th Jun 549 of 568

In reply to post #482956

4th 13 May - 10 June it dropped back 8.8%

Looking at the chart it looks like MPAC (LON:MPAC) dropped 13%.

5cffca3a03ecfChart-mpac-1152019.png
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pgs501 11th Jun 550 of 568

Ah sorry unwise I had been using simple day ends rather than high & low points within the day. The day ends gave a drop from 177 to 161.5.

As an aside what is the filter you have included for the intraday high/low bars?

Thanks, Pete

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nicobos 11th Jun 551 of 568

In reply to post #479131

Thanks Unwise - Moneysupermarket.Com (LON:MONY) has broken out nicely from its long base so taken a position.

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unwise2 12th Jun 552 of 568

In reply to post #483001

As an aside what is the filter you have included for the intraday high/low bars?

I'm not sure what you are asking, my charts are just standard candles which show open/high/low/close. The black lines have been added manually.

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peterclothier 12th Jun 553 of 568

In reply to post #482466

@ maffs0 Boohoo (LON:BOO) looking good after results dip appears to have been bought.

dotDigital (LON:DOTD) looks like it is going to make a closing high today after 18 months of sideways

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Mechanical Bull 12th Jun 554 of 568

In reply to post #482956

One thing missing is the lack of institutional buying. According to MM this is usually needed to sustain a share price above the new high.

Blog: Mechanical Bull Blog
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unwise2 13th Jun 555 of 568

In reply to post #483406

dotDigital (LON:DOTD) looks like a great VCP, because of where the moving averages were earlier this week my screeners missed it. It has now moved away from the pivot point of 102/103p so I'm not going to buy any.

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llwydiaid 13th Jun 556 of 568

IG Design (LON:IGR) weekly chart over the past 4 years. Large volume coming in today following Tuesday's results.

5d023717ebe83IGR.png


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unwise2 13th Jun 557 of 568
4

In reply to post #483651

I took a position in IG Design (LON:IGR) today when it broke above 621p, the base goes back to Sept 18.

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nicobos 13th Jun 558 of 568
2

In reply to post #483671

IG Design (LON:IGR) looks like a good setup!

Unfortunately, the large volume seems to have come from sizeable director sales announced after the close today so will be good to see how the price responds on open tomorrow morning.

If the dip gets bought up quickly then it's a good sign the breakout will hold !

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llwydiaid 13th Jun 559 of 568

IG Design (LON:IGR) pity about those director sales. However the I see the total volume today was over 10million shares whereas the director sales totalled less than 1 million. Hoping for a rebound tomorrow.

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llwydiaid 13th Jun 560 of 568
1

IG Design (LON:IGR) sorry my mistake. It was 10 million pounds not shares, of which around half was probably the directors.

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PLS1nve5t 13th Jun 561 of 568

IG Design (LON:IGR) have been banging their head against 617 on 7 occasions in 10 months, good luck this time for a breakthrough....

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fwyburd Fri 7:57am 562 of 568

IG Design (LON:IGR) I've been watching this too but my chart shows the 200MDA marginally above the 100MDA. Does this negate the set up? Interested to hear others views.
cheers
Francis

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unwise2 Fri 9:44am 563 of 568
2

In reply to post #483861

my chart shows the 200MDA marginally above the 100MDA. Does this negate the set up? Interested to hear others views.

No, MM doesn't use the 100DMA. His ideal setup is 50d over 150d which is over 200d and the 200d trending up.

My L2 feed has the 50d average volume for IG Design (LON:IGR) as 155,300. After you strip out the director sales RNS'd yesterday the volume (1,468,558) was still a multiple of the 50d average.


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fwyburd Fri 10:05am 564 of 568

In reply to post #483951

Thank you, I stand corrected
cheers
Francis

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herbie47 Fri 10:14am 565 of 568

Were all the directors sales yesterday? I thought some were earlier in the week but reported yesterday, they were share options as well.

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unwise2 Tue 2:36pm 566 of 568
5d08e8ca1ae88Chart-serco-1852019.png

Serco (LON:SRP) has formed a cup and handle base, trading update is due 27th June. The adjusted/normalised EPS figure for 2018 is wrong on the stock report, EPS growth for 2019 is low but high for 2020.

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unwise2 Tue 3:03pm 567 of 568
2

Castleton Technology (LON:CTP) today is a good example of why I subscribe to a level 2 data feed. I have been watching Castleton Technology (LON:CTP) for a few weeks and first thing this morning it broke above 110p (traded between 105-110p for over 2 months) . However only 50 shares traded above 110p which is a tiny amount, I didn't buy any and it's now below 105p.

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fwyburd 12:00pm 568 of 568
1

I wonder if Intercede (LON:IGP) is nearing the point of a set-up? Price at 38.3 having pulled back from 39p, the 50MA at 32.1p and the 200MA 0.5p above the 150MA. Thoughts?

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