steveboywonder
25 Oct 2016
Re: Pen / Steve stop loss positioning is still something I struggle with tbh. I was in @48 in FXPO and as it's in my SIPP I'm more comfortable giving it a fair amount of room to move, stop currently just below 20day sma @91. When you get a sharp rise like in FXPO's case I find I'm not generally brave enough to follow Stan's guidance on stop loss positioning to the letter though. In FXPO's case it would be at a pretty conservative level now and in sharp rise scenarios like this is allows for a lot of paper profit to be lost.
onedb1
25 Oct 2016
Renewed my Long - Buy am of the view that we entered wave 5 of an motive pattern . Should deliver around 140p Am a bit annoyed with myself as yesterday I plotted the retracement in error and should have got them in the low 100s but at the RR is still worth it. Plus there is another obvious trade at 120.5 I suppose ie the the higher high to scale up the trade and get good gains . Touch wood as Ferrexpo has been good to me .
onedb1
25 Oct 2016
Little correctin on wave 4 The wave does not need to retrace all the way down to 102 ish . In fact the current retracement is enough and fits rule . Target stil unchanged
onedb1
25 Oct 2016
Pen / Steve Guys,Good morning first of all . Thanks for the kind words.I was looking at Fxpo last night for a new trade . What I spotted may be that The current retrace could be a wave 4 . If so it may target around 101/102 find support ( was previous resistance ) then start wave 5 to my previous target 140. 140 is a nice previous chart support/resistance area too Originally my entries were at 77 and 85.5 and 101.5 , I was stopped out on the retrace on Fridsy at 112.5. My stop loss was trailing 0.5p below the hourly chart 20sma (on steep always useful as you often get that acting as support ,but once broken you get the drop. ) - from experience . I can post the chart but if am right am reloading at 102 . Or around there .
steveboywonder
24 Oct 2016
Re: Weekly 200sma is at 107.5p sorry! you're quite right can see 106.94 on stockcharts now, brain must have been on a go slow. I'll have a look out for your views re: Weinstein. I find something quite satisfying about referring back to a book that was published so long ago on this topic!CheersSteve
penhome
24 Oct 2016
Re: Weekly 200sma is at 107.5p Hi SteveI'll have a look at the stage analysis site. I'm familiar with Weinstein and posted a review of his trading system and approach on the ACTA board on 11th September for a couple of people there who were interested in it.My FXPO 200 weekly SMA is also at about 107. Daily is around 44.
steveboywonder
24 Oct 2016
Re: Weekly 200sma is at 107.5p Hi OneDB1 - how did you get the Weekly 200sma to be as high as 107.5p?I could just about see something close to that on an hourly chart but on a daily or weekly view the 200sma is far far lower I get 44.4 on an SMA 200 weekly ? CheersS
steveboywonder
23 Oct 2016
Re: Weekly 200sma is at 107.5p Have either of you guys used the stageanalysis forum's before? High quality of analysis and discussion and a good members area. I started using iii back in around 2000/2001(hence my rather cringe worthy username) but only visit occasionally now as I tend to find more like minded people on stageanalysis for discussions.Would certainly recommend. [link]
penhome
21 Oct 2016
Re: Weekly 200sma is at 107.5p Many congratulations on the CMT exams. A milestone for you! I can imagine how much work is involved. Fortunately for me, the STA does not require a professional sign off.We could always use ACTA. Everyone (almost) there is quite chilled (mainly) and just interested in arguments and analysis. They are also familiar with Weinstein type analysis and are using charts more and more.I haven't used Tradingview much apart from charting. I tend to use Stockcharts for most things now.BTW, have a look at JLP. I posted a couple of charts on it on ACTA this evening.7% drop here today? Maybe an entry point opportunity coming?
onedb1
21 Oct 2016
Re: Weekly 200sma is at 107.5p I totally agree Pen Yup it was the CMT . I passed . You get the result straight away. To get the designation though one needs to get signed off . that will be tricky . Usually one has to work for a firm . I am now going through Quantopian lectures for long short equity strategies to code in python as backtesting is free . I think we need 5/6 technical good guys/gals to post on a dead stock board. As the trading one is hard to get to. One that has no posters . Like many use ACTA . We need one just for TA and no confrontations. In fact we can copy our trades and see who has the best performance supporting each other to make money and improve , or see what strategy works . Our aim is purely to make money . People with TA background who passed exams or are highly skilled . Probably could do with a coder or I'll see if Trading View UK is as good as the US one , am going to check now , as we could move there permanently . The US one is great
penhome
20 Oct 2016
Re: Weekly 200sma is at 107.5p Hi OneHope the exam went well. Was it for CMT?I haven't posted on Traders for a while either.Maybe we should encourage Oldjoe, steveboywonder and others using TA to post there as well.We need to get a critical mass of posters there to get some momentum goingPen
onedb1
20 Oct 2016
Re: Weekly 200sma is at 107.5p Hi PenSorry I should have posted my chart and chased you on it . I had to sit an exam ( TA related ) so was so busy lately . Will post more trades on the Trading thread. Been ages since I have been there I was trading this for ages. Am targeting around 140. Then I'll see what next . Dollar revenues and £ debt , is a giant bonus. Iron ore prices doing well, and forecast production up in q4 . TA and fundamentals had me go long .
penhome
20 Oct 2016
Re: Weekly 200sma is at 107.5p Hi OneHow did I miss this?It's just popped up on one of my screens - p&f ascending triple top breakout.Looks like I have missed most of the action.Hope all is well with you.Pen
devonplay
20 Oct 2016
20% Still 20% to go?I have a 130 target, with a second tranche to be sold at 240.240 might sound off the table, but 130 feels achieveable from here.It's a slow burner, keeps stumbling foreard, but we've come a long way, I suspect we have a little further up yetDL
onedb1
19 Oct 2016
Re: Flash crash? a total glitch on google i guessIf that figure was hit I would have been stopped. lol 108.39 - 109.11 on CMC spread betting , that is what the close is . Great chart and now that we have even passed a 200sma on the weekly this is bullish on all counts
