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TOPIC: CEY

CEY 16 Jan 2013 00:29 #1

  • remo
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Amo wrote:
I managed to access ProRealTime simplified charts. So how about a potential first time short at the 64 area. Gap resistance and the 50% retrace :whistle: Thoughts?



2 levels of resistance at the same level so worth the short on first attempt basis.
Your getting the idea mate well done.
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remo
Last Edit: 16 Jan 2013 00:32 by remo.
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CEY 15 Jan 2013 19:19 #2

  • Jackozy
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Good on ya for having a go!

That looks an OK shout for a day trade BUT...if you look at the previous gap at 52.7, the SP went as far as the horizontal resistance at 58p before an intraday retrace and then closed above it only a couple of days later so that gap didn't prove too effective. That would weakne my confidence in the next gap trade. Here's a chart:

CEYdaily15_01_13.gif


dl.dropbox.com/u/20815047/CEYdaily15_01_13.gif

I'd have more confidence to go short at 78p as that's a stronger resistance and the 61.8% Fib is nearby at c. 65p but if this has formed a low a 19p then I'd prefer to wait for it to top out (look for a lower high), then wait for a 50-61% retrace and go long there instead. It just so happens that if it does go to 78p as a short term top then the 61.8% retrace is almost exactly where it gapped up from at 44p on 8th Jan.

I'd have to say that I think there are better trades out there at the moment so for me this would be a paper trade jobbie just for practice/learning.

Just IMHO - your analysis could turn out better than mine and that's the game!
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CEY 15 Jan 2013 18:20 #3

  • Amo
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I managed to access ProRealTime simplified charts. So how about a potential first time short at the 64 area. Gap resistance and the 50% retrace :whistle: Thoughts?

dl.dropbox.com/s/udla9hivntfmh59/CEY.PNG

Last Edit: 15 Jan 2013 18:35 by Amo.
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CEY 15 Jan 2013 18:08 #4

  • Amo
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I'm at work mate so unable to access any chart software due to browser restrictions. I will give it a go when I get home.

You're right though, I should attempt a chart myself before asking for views. I guess its a combination of being lazy and lack of confidence in my own knowledge.
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CEY 15 Jan 2013 17:59 #5

  • Jackozy
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Amo, why not have a go yourself and then get some feedback? It's the best way to learn...
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CEY 15 Jan 2013 17:49 #6

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Hi Remo/Others,

I'd love to hear views on where CEY could be heading now. Fundamentally the recent fall due to political situation now looks like it was an over reaction. There was a slight pull-back today after a massive move up but technically where does the next move look like it could be heading?

Thanks in Advance.
Amo
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CEY 16 Dec 2012 20:01 #7

  • Geela
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Anyone looking at CEY now with news of shipments being allowed to proceed... great news for CEY holders. Wonder what the spread will look like tomorrow am?
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CEY 30 Oct 2012 10:12 #8

  • noodles75
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oh.. back to 0.3p spread. strange behaviour
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CEY 30 Oct 2012 10:06 #9

  • noodles75
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won't be no cheeky first touch punt with spread at 34p - 69p lol
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CEY 30 Oct 2012 09:41 #10

too late it's already bounced 20%!...I'd be selling at 57-62 if I was lucky enough to get at 44p

cey2.gif
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CEY 30 Oct 2012 09:34 #11

somtimes this strading lark sucks, but for others it can be gambling opportunity

cey.gif
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CEY 30 Oct 2012 09:26 #12

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been making some decent profit on this till today ..... ouch 50% down so far

af.reuters.com/article/commoditiesNews/idAFL5E8LU3JF20121030
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