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TOPIC: Babcock

Babcock 09 Apr 2015 09:59 #1

  • Seymour Moola
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Thanks again, was not tight enough for my liking but was considering the trend line as you mentioned.

Very similar with the 123 on Premier oil, any views on this?

Appreciated
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Babcock 09 Apr 2015 09:26 #2

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If you want to have a tighter stop then place your stop below the new trend line. This is currently at 976 so the risk is just small compared to 956. A break of this trendline could signal a false breakout of the 123 low formation . As true break outs tend to move away fast ;) ;)
im long on this with my stops currently below 976


dl.dropboxusercontent.com/u/4899609/bab9thapril2015.png
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Babcock 09 Apr 2015 08:38 #3

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As always, appreciate your input!

Thanks Remo
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Babcock 08 Apr 2015 19:23 #4

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The stops on this one would be below the 2 point which is 956.If it goes below this then it would be a false 123 low breakout


dl.dropboxusercontent.com/u/4899609/bab8thapril2015.png
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Babcock 08 Apr 2015 09:10 #5

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Has backtested the breakout today if I am reading it correct, just don't feel confident to enter for some reason??
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Babcock 07 Apr 2015 15:40 #6

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Completed a 123 low with a MACD divergence on weekly, bounced from 200ma also

Need the backtest as I missed the break.

Opinions/corrections appreciated.
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