dr.blix
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provexis took a nice bounce off a 50 MA on the weekly TF too. hopefully a good sign for you ciao.
having a quick look at the PXS chart it looks like 6.9p is a really key level. it's an important historical support and resistance level.
EDIT: taking 6.9p out and using it for support would be a great signal i think ciao.
the green line is the level i mentioned.
having a quick look at the PXS chart it looks like 6.9p is a really key level. it's an important historical support and resistance level.
EDIT: taking 6.9p out and using it for support would be a great signal i think ciao.
the green line is the level i mentioned.
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dr.blix
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more good news i'd say ciao, an opening gap, a nice bullish sign...now acting as gap support. (H4 TF)
but, i'd take a breach of this 5.8p gap level as not a great sign.
N.B. i haven't marked the gap up on the chart, but, obviously, it's the island sitting below the green 6.9p level.
but, i'd take a breach of this 5.8p gap level as not a great sign.
N.B. i haven't marked the gap up on the chart, but, obviously, it's the island sitting below the green 6.9p level.
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dr.blix
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finally ciao, this would be my worst case scenario analysis. (daily TF)
if 6.9p holds as res and the indices take a tumble (or PXS has bad data/news) then the orange lines are where i'd see potential support levels. (4.2, 2.8, 1.5)
there's some slight bullish RSI osc dive on the daily TF though...so i don't think 6.9p should be a problem.
fingers crossed ey?! :cheesy:
if 6.9p holds as res and the indices take a tumble (or PXS has bad data/news) then the orange lines are where i'd see potential support levels. (4.2, 2.8, 1.5)
there's some slight bullish RSI osc dive on the daily TF though...so i don't think 6.9p should be a problem.
fingers crossed ey?! :cheesy:
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I tell you even better before that date at +/- 1p and sold at 1.38..... with a good 30% I was quite happy (had quite few) then did some daytrading until I could see the way it was "pumped" it could have gone in places so held at 8p and you never believe that day that it when sky high my PC burn the night before so I was in the PC shop when I show the clime up..... imagine the panic when I couldn't sell at +/-22P..... eventually I managed to sell (by phone) at around 17p..... (with the amount I held I lost many KKK£££... but in the end happy for what I got...... then again after few daytrading it I had some at 9p sold at 12.50 + 14p then back to today hold..... so you can see they pay me few free "pizza + vino"
I have missed NTOG (someone told me to get in at 0.30/34) but didn't believe it but mainly was because I was away all day so I couldn't followed.... as you know they go up but they come down as fast......
thanks for your input + chart ..
Hello
Just arrived in been out .. and yes nice to see PXS rise in this "red" market
I will post on yours "equities thread" so I wont o/t this one
good luck with your journal
dr.blix
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i'm setting some equity trading rules as i have no real plan at the moment.
i'm setting a + 10% sell limit on each position. if its really on the move (or if my initial target is greater than + 10%) then i'll place my stop on the 10%.
if its hovering i don't know what to do.
i could either close the position. set a stop at + 5%. or close half the position and leave a very tight stop...i'll have to come back to that one!
RGM (one of the equities i currently hold) has already been at +20% and i've allowed that to pass by due to not being around on the day it moved.
i'm also setting a weekly monetary target. this would equate to 20% of one of my average position sizes.
my discipline is terrible so i'm going to have to work to hold myself to this...
i'm setting a + 10% sell limit on each position. if its really on the move (or if my initial target is greater than + 10%) then i'll place my stop on the 10%.
if its hovering i don't know what to do.
i could either close the position. set a stop at + 5%. or close half the position and leave a very tight stop...i'll have to come back to that one!
RGM (one of the equities i currently hold) has already been at +20% and i've allowed that to pass by due to not being around on the day it moved.
i'm also setting a weekly monetary target. this would equate to 20% of one of my average position sizes.
my discipline is terrible so i'm going to have to work to hold myself to this...
B
Black Swan
wallstreet1928
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behave yerself, this journal is as cool as it gets mate...
I agree Mr Swan
this man is Warren Buffet in the making, he just doesn't realise it yet
dr.blix
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well thank you for the kind words of support gentlemen. nice to wake up to on a cold autumnal morn... :cheesy:
if warren buffet were to have a 'black sheep' younger brother, who had thought it more important to have a good time in his youth than to study...who talks nonsense and has a great deal of difficulty taking anything too seriously, then i could be indeed be that person!
if warren buffet were to have a 'black sheep' younger brother, who had thought it more important to have a good time in his youth than to study...who talks nonsense and has a great deal of difficulty taking anything too seriously, then i could be indeed be that person!
dr.blix
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ok, a quick update for my 'journal'.
i've sold DISL at 4% drawdown to my account. i felt this position was going nowhere. i was very lucky to close just before another fall of 7 %.
i bought Raymarine @ 6.1p after some bad news forced a shareprice tumble, as with a lot of AIM companies there's a shocking spread to overcome...i must enjoy a challenge
started looking at FTSE/FX again but with a new strategy...it works by analysing the bias change (trend change) and then trading subsequent retracements once the new bias (trend) has been 'confirmed'.
so far i've made 2 FTSE trades for +36 pts and one overnight E$ trade for + 31 pips. (EDIT: sorry, actually this was only +26 pips, put my sell @ 995 not 000)
i'll be adding this bias change method to my rattly box of tricks and try to knock together some form of 'trading strategy' incorporating a Fib time pivot analysis method, RSI osc div and stochastic oversold/overbought, bias change and key reversals/patterns at key S&R levels.
i've sold DISL at 4% drawdown to my account. i felt this position was going nowhere. i was very lucky to close just before another fall of 7 %.
i bought Raymarine @ 6.1p after some bad news forced a shareprice tumble, as with a lot of AIM companies there's a shocking spread to overcome...i must enjoy a challenge
started looking at FTSE/FX again but with a new strategy...it works by analysing the bias change (trend change) and then trading subsequent retracements once the new bias (trend) has been 'confirmed'.
so far i've made 2 FTSE trades for +36 pts and one overnight E$ trade for + 31 pips. (EDIT: sorry, actually this was only +26 pips, put my sell @ 995 not 000)
i'll be adding this bias change method to my rattly box of tricks and try to knock together some form of 'trading strategy' incorporating a Fib time pivot analysis method, RSI osc div and stochastic oversold/overbought, bias change and key reversals/patterns at key S&R levels.
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wallstreet1928
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sorry to hear that mr blix??
