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TOPIC: BHP Billiton - BLT

BHP Billiton - BLT 29 Mar 2017 10:19 #1

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Update - this bounced off support and still in trading channel.

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BHP Billiton - BLT 27 Mar 2017 11:16 #2

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Interesting chart here, bottom of a channel, gapped down, broken 200 day moving average and near lots of strong support lines, one to watch.



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Last Edit: 27 Mar 2017 11:16 by ronnie.
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BHP Billiton - BLT 26 Jul 2016 18:46 #3

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Gone long on this at £9.32p
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BHP Billiton - BLT 04 May 2016 10:02 #4

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News of a $43 billion lawsuit against BHP Billiton drags on the mining sector. Looks like a good short opportunity
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BHP Billiton - BLT 28 Apr 2016 12:00 #5

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resistance: 1034...1103(38.2fib)...1131,,,1203,,,1269(50%fib),,,1432(61.8fib)

The best place to take profits is the resistance levels and particularly the fib levels.You can see clearly how the 23.6 fib level held the initial rise perfectly(look at chart).These resistance levels are the places to short a stock but you have to monitor them closely as going against the trend can be risky.


dl.dropboxusercontent.com/u/4899609/blt28thapril2016.png

Im still long on bhp from the other day and its a free trade for me now.
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Last Edit: 28 Apr 2016 12:04 by remo.
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BHP Billiton - BLT 28 Apr 2016 08:40 #6

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The best place to go short on this would be at the next major resistance. Thats around 1203.
But there are are resistance levels before this.This would be short term trades thou as it seems the trend has changed.
Ill post charts latter as got to pop out
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BHP Billiton - BLT 28 Apr 2016 08:08 #7

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Hi Remo,

When is it worth going short?
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BHP Billiton - BLT 27 Apr 2016 10:57 #8

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Ive gone long on this from the back test of the recent breakout point.This area has the 200ema as well so gives added support.
Im using a 25 point stop just incase.


dl.dropboxusercontent.com/u/4899609/bhp27thapril2016.png
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BHP Billiton - BLT 21 Apr 2016 15:54 #9

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Trendfriend

Good call on BLT. :P
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BHP Billiton - BLT 21 Apr 2016 15:54 #10

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Trendfrien

Good call on BLT. :P
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BHP Billiton - BLT 21 Apr 2016 12:04 #11

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:woohoo: :sick:

Didn't catch it, I was short on the FTSE though, so sort of caught it!! :whistle:
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BHP Billiton - BLT 21 Apr 2016 11:20 #12

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Anyone catch this??

I'm moving stop to 1031, above todays high, but still above the trendline. I think i'm going to bank some of the position here (at £10) as well....

ATB,

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Last Edit: 21 Apr 2016 11:22 by Trendfriend.
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BHP Billiton - BLT 20 Apr 2016 14:53 #13

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There is also a gap at 1024.50 on the daily
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BHP Billiton - BLT 20 Apr 2016 10:41 #14

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this looks to be the place to short this, firts attempt only @ 1027p.
stops depends on your position size, small position keep 15/20p above the trendline, larger positions keep it tight 10p, to keep the r/r worthwhile imho...

If it breaks above it could be heading upto the 200 day ema @ crica 1500p.
So i'm going to go long, on a break above and retest and hold of the trendline.

As always just my opinion and dyor...
Trendfriend
bltweekly20apr16.PNG
Last Edit: 20 Apr 2016 10:46 by Trendfriend.
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BHP Billiton - BLT 13 Apr 2016 14:36 #15

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Longterm,

The main down trendline is around £10...i will try to post a chart later. i think this heading to that t/line
I'm going to short this again at that level, as its the best to place to trade this in terms of r/r...
imho, wdik

Trendfriend.
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BHP Billiton - BLT 13 Apr 2016 13:26 #16

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Well it didn't work! :evil:

Onto the next! :whistle:
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BHP Billiton - BLT 13 Apr 2016 08:16 #17

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BHPBILLITON12.04.16.png
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BHP Billiton - BLT 12 Apr 2016 12:16 #18

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You may have been stopped out, but i've just gone short. :silly:

Lots of resistance around 800, Stop at 835. :woohoo:
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BHP Billiton - BLT 11 Apr 2016 13:00 #19

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Short on this as its at the top of it channel atm...and i think th eftse is at the top of its range as well.

Stop @ 785p for now....target the trendline at around 700p

ATB,
Trendfriend.
blt11-4-16.PNG
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