Recent content by iSquared

Re: Setting Price Targets Mark, No problem with the idea. I'm sure you would have covered it in due course. Now to diverge into semantics :eek: rather than use 'stronger' why not change it to 'significant'. That is the more times S/R are tested the more significant they are when they...

Covering is just closing a short, to go flat rather than net long.

Mark, Here are my attempts. My learning from this is that there are several trades here where I'd have to wait for the price to come to me. Even then there are several I would not take due to the RR issue. I'm still undecided about the balance of anticipating a reversal from that point or...

I spent some time verifying the trades in the book for RIO and they do check out. However if you try to apply the principles broadly across the FTSE100 they don't backtest well. As there was little discussion in how to select the instruements to actually trade I felt this was a major gap and...

Mark, I found this very useful. As a result rather than just skipping through charts until I see something interesting I'm making notes on them as I go. At the least time now indicates when, if any, I should have pulled the trigger - although so far in more cases than not staying away is the...

Sharescope also allows export of EOD price/FA information. Not looked it up but I bet the LSE is also in the game ...

So in this case (Mr Charts example) although there is clear R the supply runs out at increasingly higher prices to form the ascending triangle bounded by the horizontal line. (... and as I can't resist it was one fo the early entry patterns the failure to fill the gap? Can't see the second...

BSY - currently at the lower edge of a range approx 555 to 690. As such it can be traded short if it breakes down through the range or long if it bounces. For the long trade I'd enter at 571 on the swing with a stop at 550 and a target of 660. For the short trade I'd enter at 550 with the stop...

When defining a trend line I think it is important to realise what it is trying to represent. In effect it is close to a measurement of the rate of change (of sentiment/prices) displaced by the extreme swings in sentiment from the 'trend'. As such it is stronger if tested (as it confirms the...

For BOC: Large descending triangle broken to the downside. I'm undecided whether a pulback to R has occured. As such for now I'd pass. However I would wait for a pullback and a potential 'High Swing Point' If the high touched 790-800 I'd enter a limit short at the low of the previous day ... so...

Now I've worked out how to get screenshots of an acceptable size here is my attempt at analysis. I did the homework when requested but haven't posted it till now. Seems an excuse just like I'd use at school ;-) . Looking at the chart now I wouldn't personally consider it as an entry yet as it...