Wot Happens Next?

This is a discussion on Wot Happens Next? within the Technical Analysis forums, part of the Methods category; Originally Posted by foroom lluzers yes , market is dancing to your beliefs.Add one more. ok, you're in @ 2358 ...

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Old May 31, 2017, 12:13pm   #46
 
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Originally Posted by foroom lluzers View Post
yes , market is dancing to your beliefs.Add one more.
ok, you're in @ 2358 for another £8pp. Gonna change stop at all?
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Old May 31, 2017, 12:14pm   #47
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ok, you're in @ 2358 for another £8pp. Gonna change stop at all?
no
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Old May 31, 2017, 12:24pm   #48
 
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no
ok, risk on first lot was £184 and £296 on your second. B/E price 2351
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Old May 31, 2017, 12:25pm   #49
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All indices futures are up , so some high probability longs on stocks todays
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Old May 31, 2017, 12:27pm   #50
 
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You wouldn't be in at all then? Well pretend you are and how would you proceed from here (get out straight away not allowed )
Pretending I am would defeat the purpose of my having posted in the first place. Buying breakouts has more to do with hope than with technical analysis. If one understands that breakouts are engineered by those who bought before the breakout, he will be far more cautious than the usual breakout-buyer.
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Old May 31, 2017, 12:27pm   #51
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ok, risk on first lot was £184 and £296 on your second. B/E price 2351
Now read article by DBP on fear and greed.
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Old May 31, 2017, 12:35pm   #52
 
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Ok, guys, we've moved off favourably to extent of ten points or so and now we move into the more crucial part of the business - trade/money management.

So what might you plan to do and what use might you make of TA?
Come on then, guys. dbp wouldn't be touching the trade with a bargepole, fl has increased his risk markedly (fearless that he is). What would others plan - in real life you'd better have something
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Old May 31, 2017, 12:45pm   #53
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Here is another trend DB may be wanting to pass , due to too many resistances
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Old May 31, 2017, 12:45pm   #54
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Getting bigger at worse prices. I think that deserves a
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Old May 31, 2017, 12:51pm   #55
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Pretending I am would defeat the purpose of my having posted in the first place. Buying breakouts has more to do with hope than with technical analysis. If one understands that breakouts are engineered by those who bought before the breakout, he will be far more cautious than the usual breakout-buyer.
breakouts should be high probability , all indices should be aligned , there should be fundamental price drivers.
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Old May 31, 2017, 1:03pm   #56
 
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Come on then, guys. dbp wouldn't be touching the trade with a bargepole . . .
Not exactly. As I posted originally, I'd wait for a retracement after a breakout. Those who have traded their share of failed breakouts will understand.

Of course I may have misunderstood the point of the thread.
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Old May 31, 2017, 1:08pm   #57
 
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Well I'd probably would have placed a limit sell order and assuming it was hit on Tuesday morning, would have done one of two things.

1. Either taken half position off after first Tuesday's bounce and brought SL to BE or

2. Left whole trade as it was but move SL to BE.


Thus I'd either be approx 15p up on half lot size or stopped out.



On a side point however, just trading on TA is a gamble imo. Without FA and context news, these kind of exercises without underlying factors and knowledge of them who's doing what why when, directors plans, industry events and flows it's just a gamble. I concur with Db's pov too.

TA is an illusion to newbies who happen to be simply zombie passengers in movement of price. In fact similar to BRBY who have received a positive £95m earnings increase simply from currency fluctuations. Nothing to do with increased sales or margins.

Anyhow, appreciate the nature of the exercise but too much emphasise on TA without underlying factors can be very misleading.

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Old May 31, 2017, 1:10pm   #58
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Come on then, guys. dbp wouldn't be touching the trade with a bargepole, fl has increased his risk markedly (fearless that he is). What would others plan - in real life you'd better have something
run your profits cut your losses

Just showed you trading is easy.
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Old May 31, 2017, 1:24pm   #59
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I'd wait for a retracement. But that's only if I HAD to trade this share. Its not one of the best trenders in the FTSE100, which has been far surpassed by the 250 or even the AIM100.

Forced to find a trade on Diageo this week I'd have to drop down onto an intra-day chart basis, and I don't trade intra-day.
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Old May 31, 2017, 1:33pm   #60
 
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run your profits cut your losses

Just showed you trading is easy.
Do you know I'm getting really fed up with you and your trite sayings. If you want to participate then treat it seriously and show us exactly how you'd go about it. Not the simplistic run your profits and cut your losses that's so meaningless.
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