The Basics of Trading

Grand sum of $10 for shipping outside the USA. Not much to pay for a no commitment full version of the s/w plus a complete databank up to the date the CD was produced.

http://www.trade2win.co.uk/boards/sh...hampion+trader

The above link has a discussion on Champion Trader.

I have nothing to do with it nor would I have anything to do with holy grails - oops my bias is showing

Don't forget that the "search" facility on this site is a useful tool.

Hope this helps.

Hi Monarch,

Yes I did pay shipping costs and I also activated the account but they have said that when it arrives and I install it they will take my payment from that date onwards


Paul

Hullo again FTSE Beater.

A coupe of days ago, you suggested we have a look at setting some price targets. As you know (I think) that I’m pretty new to this, then be please gentle ;-)

If I’ve followed your instructions correctly, here’s the chart

Subject : Amvescap

My 'trade' should begin with how much I can lose:-
Stop Loss first : 240p

And now on the upside...
Short Term target :330p
R/R 1.25

Medium Term target : 375p
R/R 2.4

Longer Term target : 435p
R/R 3.9

The targets are ‘round’ numbers, based on support and resistance only (I’m still reading about secondary indicators at the moment) and have been picked on examination previous levels of S/R (in last 6 months).

Time scales – finding this a tricky one. With a prevailing wind, it looks like the Longer Term target of 435p could be met in 6 weeks.

If the share began to rise, would you advocate a rising stop loss, locking in / keeping constant the R/R e.g. say aim for 375p, keep moving stop loss up to maintain R/R of 2.4?

Cheers and look forward to where I’ve gone wrong !

SoldierofOne

Hi Skimbleshanks,

Thanks for the post. I'll work on volume again using your suggestions

Regards Split

Hi SoldierOfOne

Superb chart
The only other thing I can see is an even longer target at 500 - but yet again that comes down to time-scales Yes I would, as Skim has said in another post, lock in profits and keeping about a 2.4 RR is great. It doesn't have to be 2.4 but SHOULD be better than 1:1.

Hope this helps and take care

SoldierofONE

Could you please advise how I can open your Amvascap chart.
I have right and left clicked on it several times but cannot see the chart.Hope you can tell me.

Hi Fluke

You should be able to left-click it.

if not try this link http://www.trade2win.co.uk/boards/at...=&postid=23678

HTH