wallstreet1928
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Morning guys, just took 35 points profit, and that is my current daily average and now I am offski!
Speak next week! Have a good one.
take care my friend and well done
Morning guys, just took 35 points profit, and that is my current daily average and now I am offski!
Speak next week! Have a good one.
Anyone have an analysis on when the price touches the 200MA?
Any Major support and resistence?
Anyone have an analysis on when the price touches the 200MA?
Any Major support and resistence?
If you bring up a 1hr 1week chart you will see that the 200 EMA coincides with the resistance level around 3935/3940.......now that would be a nice opportunity to short in my book providing we get a 2 bar confirmation on a 2day/1 week 10 min chart....as it would be a triple top or could break through it as well but the probability of it falling back is higher due to multiple levels of resistance!!
we must always play high probability trades in our favour
nice gap down on RIo Tinto RennieAMR
closed @ 1818!!
Wallstreet, what exactly do you mean by a 2 bar confirmation on such a chart?
Wallstreet,
Good Morning,
What made you to sell Rio yesterday? downgrade from Goldman or ...?
I have to admit that a lot of things were in favour for us on that analysis. I think it's a brilliant analysis WS. Sometimes I think why didn't I see that it's so obvious but then again we're all learning here. Fantastic opportunity that was to short or to go long depending on whether a break occured or not.
Would you have used the hourly for your entry or the ten minute?
Viks
Good morning,
0820 Sold 3847.8
shorting morning strength?
i still only have permission to look for longs on retraces but it wouldn't take much for the pattern to flip and give permission to go short.
Morning Rob
Any positions today?