[INTRA-DAY ACTION]
Terrific start to my new methods: Broker platform broken.
Can you believe it?
I can.
Update 11:20
Good day so far in terms of new strategy. The only issue is an early exit on Nokia. Quite a lot of news surrounding airline support services today, and on the US open I expect some good market sentiment towards Boeing and United Technologies. These aren't on my watchlist, but these types of companies could boost the index.
I have 2 really nice charts to post later, absolute technical perfection on the Nokia and Siemens charts from this morning between 10-11am. I was in Nokia and offloaded too quickly. Nokia and Siemens move similarly, however Nokia precedes Siemens in the moves so that is something worth exploiting in the future.
Had a nice trade in BAY earlier too, and had a good exit, but there are no indicators to reverse at the moment in terms of risk:reward.
I am currently tracking VOD and waiting for an entry there based on the moving averages golden cross. The overhead resistance at 149.25 is quite stern today so I will no enter until that is broken. GSK is really struggling with the MA at the moment, however there is some concrete support just below the current price, and therefore the range is not tradeable at the moment.
I just took a long in VOD
Dropped the VOD for tiny profit, it reversed.
Evening update:
Didn't spent too much time trading this afternoon, it was roasting outside.
Anyway here's the Siemens chart from earlier, the TA on my Nokia chart has mysteriously dissapeared from my platform (they're just so reliable!)
You can see the nice MA rejection, then finding support at the SR line, and then making moves of the fastlines, past the 200EMA and right up to the longer term trend line. It started to flag for the rest of the day, and jumped down a bit at closing. I'm keen for a long if the flag range is broken off the MA, otherwise it's a short to 69.4.
Had a trade in Citigroup earlier, yet again cashed in far far too quickly and it would have been more than my daily profit target had I held.
Can you believe it?
I can.
Update 11:20
Good day so far in terms of new strategy. The only issue is an early exit on Nokia. Quite a lot of news surrounding airline support services today, and on the US open I expect some good market sentiment towards Boeing and United Technologies. These aren't on my watchlist, but these types of companies could boost the index.
I have 2 really nice charts to post later, absolute technical perfection on the Nokia and Siemens charts from this morning between 10-11am. I was in Nokia and offloaded too quickly. Nokia and Siemens move similarly, however Nokia precedes Siemens in the moves so that is something worth exploiting in the future.
Had a nice trade in BAY earlier too, and had a good exit, but there are no indicators to reverse at the moment in terms of risk:reward.
I am currently tracking VOD and waiting for an entry there based on the moving averages golden cross. The overhead resistance at 149.25 is quite stern today so I will no enter until that is broken. GSK is really struggling with the MA at the moment, however there is some concrete support just below the current price, and therefore the range is not tradeable at the moment.
I just took a long in VOD
Dropped the VOD for tiny profit, it reversed.
Evening update:
Didn't spent too much time trading this afternoon, it was roasting outside.
Anyway here's the Siemens chart from earlier, the TA on my Nokia chart has mysteriously dissapeared from my platform (they're just so reliable!)
You can see the nice MA rejection, then finding support at the SR line, and then making moves of the fastlines, past the 200EMA and right up to the longer term trend line. It started to flag for the rest of the day, and jumped down a bit at closing. I'm keen for a long if the flag range is broken off the MA, otherwise it's a short to 69.4.
Had a trade in Citigroup earlier, yet again cashed in far far too quickly and it would have been more than my daily profit target had I held.
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