Wot Happens Next?

This is a discussion on Wot Happens Next? within the Technical Analysis forums, part of the Methods category; Originally Posted by piphoe barjon, pls be sure to tell us which way it does go eventually. i want to ...

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Old May 30, 2017, 4:40pm   #25
 
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barjon, pls be sure to tell us which way it does go eventually. i want to learn from this. tnx
Opened lower and continued that way and took out the breakout day low. Recovered quite strongly though to close at 2323. Warning light on against a trade ATM.
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Old May 30, 2017, 4:45pm   #26
 
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maybe you can approach it on the basis that you don't know what it is going to do but that if it does x you'll do one thing and if it does y you'll do another. So you're not really predicting, just reacting?
Ps:............ and rely on trade and money management to turn your profit rather than prediction.
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Old May 30, 2017, 4:46pm   #27
 
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Opened lower and continued that way and took out the breakout day low. Recovered quite strongly though to close at 2323. Warning light on against a trade ATM.
when you get time would you post another chart updating?

i could look it up for sure but i'm not familiar with that instrument.

either way, thx
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Old May 30, 2017, 11:31pm   #28
 
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when you get time would you post another chart updating?

i could look it up for sure but i'm not familiar with that instrument.

either way, thx
Bit late, pip, sorry.

Price opened lower and continued down to its low point in the first hour, but recovered steadily in the afternoon session. The low point below the low of the break-out (assumed) bar would have meant a red light for any trade but for the afternoon recovery. Still a warning light though.
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Old May 31, 2017, 7:14am   #29
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when you get time would you post another chart updating?

i could look it up for sure but i'm not familiar with that instrument.

either way, thx
This is for pip for the lulz

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Old May 31, 2017, 8:22am   #30
 
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Need to be aware re: cable fluctuations reflected in share price imo.

Inverse relation to currency fluctuations impacts bottom line. This is likely to be a one off positive hit on earnings.

Hate to imagine where share price would be if the pound ever took back the 1.40s.
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Old May 31, 2017, 8:53am   #31
 
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barjon started this thread Filled this morning @ 2344 after upward gap opening and continued rise. Promptly turned tail and now 2339. After the warning light from yesterday I'm running a much closer stop @ 2321 (guided by yesterday,s close) but not changed planned position size. Oh, back up a bit to 2343
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Old May 31, 2017, 9:06am   #32
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Filled this morning @ 2344 after upward gap opening and continued rise. Promptly turned tail and now 2339. After the warning light from yesterday I'm running a much closer stop @ 2321 (guided by yesterday,s close) but not changed planned position size. Oh, back up a bit to 2343
If this was cable related , did you consider just selling cable instead?
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