Oh well, just got stopped out of the other half of my BSY long @ 539.5marben said:
. Still a profit's a profit. Opened @ 529.5 on 1 July.FP and SPW shorts still going strong. I'm wathcing BT, BP and HBOS for possible shorts, TATE for possible long.
Cheers,
Mark
JillyB
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khi said:hello mark and everybody,
ooops i have gone long on ulvr
hope we will both make money on ulvr ey.
good trading
Well if it's any consolation I think I would rather be long on ULVR than short. As far as HBOS goes - Hmmm, indecision here - I don't think that would be one I'd be entering either long or short.
Well it went perilously close to my stop. Despite the crappy results several analysts are recommending it! I'll wait for some others to diss it (unless stopped out) :cheesy:khi said:
Closed SPW long @ 502.75 and reversed back into original short trade. Price action suggests to me that bid talk pushing price up was just rumours after all (no sustained buying).
Well, now I'll have to wait for the market to say whether it agrees with me
Cheers,
Mark
Morning Jill,JillyB said:Well if it's any consolation I think I would rather be long on ULVR than short. As far as HBOS goes - Hmmm, indecision here - I don't think that would be one I'd be entering either long or short.
On HBOS, ii still looks like a short opportunity to me (weekly MACD is in 3rd week of decline from a high) but only when the price reverses signficantly. I'm unlikely to enter today. If it rises much further then I'll be leaving it for now.
Cheers,
Mark
barjon
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breakouts are not my thing but this one looks interesting.
dge is poised for a swing change confirmation if the blue swinglow support goes, which is pretty co-incident with a breakout from that tight closing range which has lasted for nearly a month. if it breaks i'll be waiting for the first correction, but others may be more adventurous.
good trading
jon
dge is poised for a swing change confirmation if the blue swinglow support goes, which is pretty co-incident with a breakout from that tight closing range which has lasted for nearly a month. if it breaks i'll be waiting for the first correction, but others may be more adventurous.
good trading
jon
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JillyB
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barjon said:
You sound as if you're thinking of this for a long trade, but looking at the chart I'm not so sure. There has been very little upward movement and when it does try to bounce, it is brought back down again very quickly - note the bearish engulfing candle from yesterday. There is a lot of testing of this level of support and I am suspicious that it will eventually break through it and retest the lower level of support at 760.
What do you think?
From my POV (possibly with a longer term perspective) it looks too late to go short on this one but a bit too early to be long. Weekly MACD is heading towards a bottom but hasn't got there yet.JillyB said:
Re ULVR, I see that DJ's "The Skeptic" agrees with me but the question is does the market? I'm still hanging on to this trade by the proverbial fingernails but it's too darn close to my stop for comfort
. Longer term trend certainly seems "down" to me & I intend to stay in this trade for some time, unless stopped out.Hi all, enjoy reading the thread, just a quick question for anyone/everyone. I have been daytrading FTSE 100 stocks since January (many of the stocks you all regularly trade on here). I haven't been doing too badly for a novice, but I have found the last two weeks, and especially this week very difficult. My setups don't seem to be working as effectively and I am often stopped out due to the choppy conditions I had assumed were caused by low volume. I realise that many of you position/swing trade these stocks, but wondered if you found there were fewer points in your respective systems or it was just mine! I don't want to change my methods if this is simply the 'August holiday effect'.
Thanks in advance
Ayly
Thanks in advance
Ayly
