[INTRA-DAY ACTION]
ADVFN desktop good.
RBS showing serious strength this morning, up 6% to 240p. The action will be at over 241 so I wonder when the sellers will come in.
CPW attempting to give a buy signal.
APF gains another 3.5% early morning after breakout.
Nearly getting stopped out of our short on MGCR.
Update 0940 BP. buy signal 1 at 596.5, watch for overhead at 610. Target 630 with stop at 594.5. However BG. gave me a signal first, and I now hold BG. at 1256.80.
Ha lol intra-day double bottom on FGP 1st buy signal at 508, target is 531.75. If it breaks this, enter.
End of day:
AFR buy signal at 175 closing at daily high and looking strong. After yesterdays hammer, CPW up 3.9% today but not quite ready for entry yet (over 240). Inside day on EMG, I think tomorrow will see the start of the drop to support at around 600. Inside day on FGP too, hugging the trend line very closely. Gave early signal with double bottom at 508 today, wait to break 525 for a finger on trigger signal and then enter long at 531.75. Entry signals on KAZ at 1700 closed at 1736 and looking good to 1782 then 1900.
VTG still looking good, watch for moves off 50 day ema tomorrow. Stopped out of a paper short on MGCR for small profit, entry on adjusted price of 214. SHI looking unhealthy with no entry signals either side and CIEN flatlining at current on US markets.
BP. closing at 604 after buy signals at 596 earlier today, looking good long to 650 with stops at 594. BG. bounced right on the trend line, triggered at 1256. Have entered at 1256.80 with targets over 1350 with stops at 1224. Will wait to see how BG. responds to resistance at 50 day ema.
The importance of sticking to TA and trigger points. EEL triggered a buy at 12.50p a few days ago, I didn't buy because of large spread(12-14.5). EEL closed up 75% today at 26. Killer I know, but there will always be others!
Tuesday night update:
Been changing a few settings on prorealtime so it's easier for me to make quick decisions when skimming through charts.
Already got an amazing watchlist lined up for next week. Also, browsing through a few charts that I did 'analysis' on a few months ago gave me a few laughs. I've really developed some strong skills over the past few months, which clearly, I was seriously lacking in March. However it was interesting to note that a lot of the resistance lines I drew have since become good support, so at least I was getting that right. But I was definately not looking at the bigger picture!
New charts settings show a changed trigger price for MGCR at 203.5 for long entry, still keeping an eye on the 207 mark, and sub 200 for a short entry. I won't factor in this change for the purposes of calculating watchlist accuracy as entry at over 210 is still valid too, you'd just be in for a 8 pence more on average. The 203.5 price was triggered this morning, still awaiting an entry long on initial data, after shorting the stock from 207 down to 202.5 as per short trigger (and getting stopped out at 205.5).
I feel really confident at the moment with my TA following on from last week. I also conclude again that a limited bankroll (under £3000) just isn't enough to capitalise on all the trade signals. I think £4.5k positions on a bankroll of £10k would work best. Ideally, £20k with exposure on 4 fronts would provide an excuse to retire and trade full time, but that's at least 15 years in the future and when I have gained year on year consistently.
RBS showing serious strength this morning, up 6% to 240p. The action will be at over 241 so I wonder when the sellers will come in.
CPW attempting to give a buy signal.
APF gains another 3.5% early morning after breakout.
Nearly getting stopped out of our short on MGCR.
Update 0940 BP. buy signal 1 at 596.5, watch for overhead at 610. Target 630 with stop at 594.5. However BG. gave me a signal first, and I now hold BG. at 1256.80.
Ha lol intra-day double bottom on FGP 1st buy signal at 508, target is 531.75. If it breaks this, enter.
End of day:
AFR buy signal at 175 closing at daily high and looking strong. After yesterdays hammer, CPW up 3.9% today but not quite ready for entry yet (over 240). Inside day on EMG, I think tomorrow will see the start of the drop to support at around 600. Inside day on FGP too, hugging the trend line very closely. Gave early signal with double bottom at 508 today, wait to break 525 for a finger on trigger signal and then enter long at 531.75. Entry signals on KAZ at 1700 closed at 1736 and looking good to 1782 then 1900.
VTG still looking good, watch for moves off 50 day ema tomorrow. Stopped out of a paper short on MGCR for small profit, entry on adjusted price of 214. SHI looking unhealthy with no entry signals either side and CIEN flatlining at current on US markets.
BP. closing at 604 after buy signals at 596 earlier today, looking good long to 650 with stops at 594. BG. bounced right on the trend line, triggered at 1256. Have entered at 1256.80 with targets over 1350 with stops at 1224. Will wait to see how BG. responds to resistance at 50 day ema.
The importance of sticking to TA and trigger points. EEL triggered a buy at 12.50p a few days ago, I didn't buy because of large spread(12-14.5). EEL closed up 75% today at 26. Killer I know, but there will always be others!
Tuesday night update:
Been changing a few settings on prorealtime so it's easier for me to make quick decisions when skimming through charts.
Already got an amazing watchlist lined up for next week. Also, browsing through a few charts that I did 'analysis' on a few months ago gave me a few laughs. I've really developed some strong skills over the past few months, which clearly, I was seriously lacking in March. However it was interesting to note that a lot of the resistance lines I drew have since become good support, so at least I was getting that right. But I was definately not looking at the bigger picture!
New charts settings show a changed trigger price for MGCR at 203.5 for long entry, still keeping an eye on the 207 mark, and sub 200 for a short entry. I won't factor in this change for the purposes of calculating watchlist accuracy as entry at over 210 is still valid too, you'd just be in for a 8 pence more on average. The 203.5 price was triggered this morning, still awaiting an entry long on initial data, after shorting the stock from 207 down to 202.5 as per short trigger (and getting stopped out at 205.5).
I feel really confident at the moment with my TA following on from last week. I also conclude again that a limited bankroll (under £3000) just isn't enough to capitalise on all the trade signals. I think £4.5k positions on a bankroll of £10k would work best. Ideally, £20k with exposure on 4 fronts would provide an excuse to retire and trade full time, but that's at least 15 years in the future and when I have gained year on year consistently.
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