Morning all,
Welcome back Silvia!
Strange start to the week for me as I have no open positions from last week! Missed the early rise on the DAX due to a minor CU, mine!
Got EMI on the screener, seems that last Friday tested and recovered from a low with large volume. The stock is sitting on the lower Boll band. I will be watching 240 and go long at that level
Apart from that nothing.
Good trading to all
Dave
Welcome back Silvia!
Strange start to the week for me as I have no open positions from last week! Missed the early rise on the DAX due to a minor CU, mine!
Got EMI on the screener, seems that last Friday tested and recovered from a low with large volume. The stock is sitting on the lower Boll band. I will be watching 240 and go long at that level
Apart from that nothing.
Good trading to all
Dave
'morning all,
'Fraid I must agree with JonnyT re Pakistan.
Took profits on remaining 50% of GSK long trade @ 1459. Opened @ 1424 on 26/9. Also took profits on SPW long trade @ 586. Opened @ 568.5 on 27/9.
Decided to have another crack @ longs on BP @ 632.5 and BG @ 514, prices having exceeded Friday's high. I'm betting that recent large falls are pullbacks in overall uptrends, rather than trend reversals. Crude seems to be bouncing off recent lows & should help these. Indications are that US market will open up, which should support these too. OTOH if US continues its decline these trades could be in trouble.
Current position: long BG, BP; short KGF, MRW.
Good trading all,
Mark
'Fraid I must agree with JonnyT re Pakistan.
Took profits on remaining 50% of GSK long trade @ 1459. Opened @ 1424 on 26/9. Also took profits on SPW long trade @ 586. Opened @ 568.5 on 27/9.
Decided to have another crack @ longs on BP @ 632.5 and BG @ 514, prices having exceeded Friday's high. I'm betting that recent large falls are pullbacks in overall uptrends, rather than trend reversals. Crude seems to be bouncing off recent lows & should help these. Indications are that US market will open up, which should support these too. OTOH if US continues its decline these trades could be in trouble.
Current position: long BG, BP; short KGF, MRW.
Good trading all,
Mark
Hi Split,
Well its ood to see WPP gaining, Iwas worried when they lost Gillette but Sorrell the CEO is not going to let the merger go I reckon.
Is anyone long on Smith & Neph, I have a position open but I think this will only benefit in the New Year ... any views?
Well its ood to see WPP gaining, Iwas worried when they lost Gillette but Sorrell the CEO is not going to let the merger go I reckon.
Is anyone long on Smith & Neph, I have a position open but I think this will only benefit in the New Year ... any views?
Nelz said:
Nelz
I do not have a current trade on sn but it is on my watch list.
The chart below shows the support/resistance zones and the trend line The price appears to have found support at the 465 zone but is still below the trend line. The next support is at 440.
I would like to see a rise and pullback before going long.
Regards
bracke
Attachments
HI Guys!
Due to a quite bad mixture of cold and flu, I'm keeping a low profile for the mo. I'm still short AVE, HG., and ABG. I don't know if it's my flu or what, but I can't find anything that looks good enough to trade. I don't feel safe on the long side, and there is almost nothing on the short side! Is my flu responsible for my state of general confusion or are you experiencing the same?
Good trading!
Due to a quite bad mixture of cold and flu, I'm keeping a low profile for the mo. I'm still short AVE, HG., and ABG. I don't know if it's my flu or what, but I can't find anything that looks good enough to trade. I don't feel safe on the long side, and there is almost nothing on the short side! Is my flu responsible for my state of general confusion or are you experiencing the same?
Good trading!
Good morning all,
Silvia, you are not alone. Last Friday I closed all my long positions and yesterday had the screener running all day and there was nothing that could seduce me into a trade! I accept that I could have played the miners intraday but most of the action seemed to be very early in the session.
I had MRW in the sights as a short but it never got confirmed.
Today looks to me to be a similar situation. I have a few potential shorts but none seem to giving strong signals, HBOS, MRW, BBY & MONI.
Personally, I can see the FTSE opening with a drop and then who knows. Unless a quick intraday opportunity pops up I shall not be trading today.
Good trading to all and, Silvia, hope your flu is better
Dave
Silvia, you are not alone. Last Friday I closed all my long positions and yesterday had the screener running all day and there was nothing that could seduce me into a trade! I accept that I could have played the miners intraday but most of the action seemed to be very early in the session.
I had MRW in the sights as a short but it never got confirmed.
Today looks to me to be a similar situation. I have a few potential shorts but none seem to giving strong signals, HBOS, MRW, BBY & MONI.
Personally, I can see the FTSE opening with a drop and then who knows. Unless a quick intraday opportunity pops up I shall not be trading today.
Good trading to all and, Silvia, hope your flu is better
Dave
