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TOPIC: BR Land

BR Land 29 Nov 2015 15:54 #1

  • Richb
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Thanks for the feedback TF

I will continue to post my charts for my dummy trades that way people can advise me otherwise to help me learn etc, that’s what it’s all about ... so far I've been dummy trading for a month for the second time with a new strategy of solely trying to trade the patterns that I see and taking the trades once they've broken out so far this month I'm 10% up using 1% risk per trade maximum captial risk 6% which seems a bit too good to be true ? however I'm sure you get many months which bite you on the back side ...

I wish lots more people would post charts on here it seems to have died a little of late be really nice if we could get this website back to the vibrant iii chartsview forum that once was ...
Last Edit: 29 Nov 2015 16:08 by Richb.
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BR Land 29 Nov 2015 11:46 #2

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BLND29-nov-15.PNG

Rich, these are not Bull flags, defo not bull flags with any real relevance, or technical meaning imho... and not possible to trade these...

Bull Flags(and bear flags) come after a big move, (up for bull flag, down for bear flag))..... it's a consolidation period before the next big move...

BLND has been range bound most of 2015, which is possible to trade... look around 795p to buy, watch the rsi, it seems to drop to around 35 level, just above oversold. Sell around 875p.
Nice easy trades, if you have the patience, as its a bit of a slow burner... ;)

great to see, your making the effort to learn ;) keep going...
ATB,
Trendfriend.
Last Edit: 29 Nov 2015 11:46 by Trendfriend.
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BR Land 29 Nov 2015 09:31 #3

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BLND looks like a nice trade in its run up to the top of its trading range looks to have created its 3rd bull flag similar to the last 2 run ups to the top of the trading range, they say keep it simple doesn't get much more simple than that, buy the break out of that a flag and sell at the top of the range my stop would be below fridays close my theory is if its gonna go its gonna go so I've been keeping my stops very tight ...

I'm still dummy trading so nothing in it for me just thought I'd share .. its all a learning experience for me but I'm getting ready to take the plunge :)


BR.LAND.png
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BR Land 13 Mar 2015 11:40 #4

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Possible short but use tight stops..no more than 10 pips stop....as your entering near resistance.

dl.dropboxusercontent.com/u/4899609/blnd13thmarch2015.png
Information Purposes Only, Do Your Own Research
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