I have redrawn that channel a little wider LTV. I know what you mean about taking in all the extremes, but as Dr Elder says, a channel should be like a well fitting shirt, with just the wrists and hands poking out. So there is a little leeway, perhaps.

www.dropbox.com/s/dirqzh8dve3a9hb/PETRA%20DIAMONDS.3.png

Boxhead1,

I can see your channel, but that's not how i would draw it.

I have been taught by my Master to use extrems lows and highs.

I have 115.8 as major resistance(many times hit) a close above this and i'll be in.

I have to admit, stops and targets i still struggle with, much better at Buying. Always Buy at support. VOD had major support on weekly around 154.

My stop will probably be just under 111. I usually target 2,3 times stop amount. This is possibly why i am struggling with targets.

Patience and not jumping in has taken years to learn, you never stop learning.

Hi LTV. I am totally obsessed with PDL. I keep getting in and getting stopped out. No real damage, save to my pride. The other day I got in at 114.7. Up it went by about 2p so I am well pleased. Then the next day down it plunged to 114 where I had put my stop and promptly raced up like a rocket. I was spitting chips I don't mind telling you. I have taken to sometimes lowering my stop first thing in the morning to avoid the 08.00 - 09.00 mad hour where prices seem to whip up and down in a crazy style, then I raise it against when things calm down a bit. Are you good at stops ? Anyway I was looking at this today and I thought that I perceived a channel forming. See below. It may be nonsense, but then again, next week may confirm it or not. What do you reckon ?

www.dropbox.com/s/6fgk5rx0sygavzk/PETRA%20DIAMONDS.04.01.13.png

By the way, I just posted a chart over on VOD regarding your utterly inspired purchase the other day.

Petra Diamonds

I was looking at Petra diamonds. They seem to have broken to the upside on the daily.

They broke out of the weekly and have gone sideways, but now look to be rising.

Weekly
dl.dropbox.com/u/21384991/Petra%20Diamon....01W%20%28DFB%29.png

Daily
dl.dropbox.com/u/21384991/Petra%20Diamon...01.D%20%28DFB%29.png

They really need to close above 115.8, there appears to have a lot of resistance at this area.

Anybody else looking?