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TOPIC: fres gravestone doji

fres gravestone doji 29 Jan 2013 13:09 #1

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Hi wave rider
I was targeting the fibs or the gaps.
There was not really any targets to aim at with regards to a pattern .
There are point and figure targets to aim for Maybe some one with updata can provide the targets .
I always look for 2 or more supports converging at the same level to target that area.
Id be looking to go long on a first attempt basis at 1613 so that will be my short term target. theres 2 supports close together at 1638 ,50%fib and gap support.

waverider2 wrote:
I have just started to look at FRES.

1592 - 1610 looks like a good area especially with the price action in the past.

dl.dropbox.com/u/4385922/fres.png

What i would like to ask Remo is if there is a price target to look out for to calculate how far this could drop from the recent peak?

cheers
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Last Edit: 29 Jan 2013 13:11 by remo.
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fres gravestone doji 29 Jan 2013 11:20 #2

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I have just started to look at FRES.

1592 - 1610 looks like a good area especially with the price action in the past.

dl.dropbox.com/u/4385922/fres.png

What i would like to ask Remo is if there is a price target to look out for to calculate how far this could drop from the recent peak?

cheers
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fres gravestone doji 28 Jan 2013 18:42 #3

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thanks for the price supports, didnt see the gap
Last Edit: 28 Jan 2013 18:44 by deadcatb0unce.
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fres gravestone doji 28 Jan 2013 18:32 #4

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This turns out to be a great short from the original post B)

Theres a couple of good areas to go long on this.
Theres the gap support at 1638
50%fib at 1646
or the short term trend line at 1610.
One of these area it will bounce from first attempt basis ;) ;) which one???

All down to how it opens tomorrow . If it motors through the gap support then look to go long at 1610 with tight stops .
The fact that you have 2 supports near to each other gives the gap support the edge. maybe worth going long at 1638 with a tight stop.



dyor
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fres gravestone doji 28 Jan 2013 17:47 #5

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might be worth looking out for a bounce from 1630, the 50% retracement from the move up is also close by at 1644.

Last Edit: 28 Jan 2013 17:48 by deadcatb0unce.
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fres gravestone doji 29 Nov 2012 10:15 #6

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Has anybody got the balls to short FRES at 2000?

I want to, but with santa rally and the FTSE seems to have broken 5840!! :woohoo:
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fres gravestone doji 28 Nov 2012 15:21 #7

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The 50% retrace should only be done with hammers really. I know it works on them . Anything else not so sure
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fres gravestone doji 28 Nov 2012 14:06 #8

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Thanks Remo
how about Engulfing Patterns? wait for retrace or at the break?
Cheers
Ftse80
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fres gravestone doji 28 Nov 2012 07:11 #9

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best place will be the 50% retrace as then more risk to reward.
But this is a gravestone doji so the signal comes once it actually breaks below the price of the gravestone doji lowest point

DYOR
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fres gravestone doji 28 Nov 2012 06:02 #10

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Remo
how wold u enter ur short here, at 50% retrace of doji or once it go below this support line?
Ftse80
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fres gravestone doji 28 Nov 2012 00:59 #11

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gravestone doji right at resistance. This could be very bearish if this triggers.
Stops are placed above the top of the gravestone doji

B) B)

DYOR
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remo
Last Edit: 28 Nov 2012 01:01 by remo.
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