dl.dropboxusercontent.com/u/7238706/BAE%20SYS..png
There would appear to be the opportunity of a decent short here. Some might prefer to wait for a test of 419 for entry but 354 would appear to be a reasonable target both mathematically and as an active support level. There is also a gap at 333. Stop would need to be above 460.
This is merely a heads-up and not a recommendation so please DYOR.

Appreciate your kind words Libero.

I normally close half of my position at 1:1 R: R or near a previous high which would have been near 400 for BAE in this instance. Then live the rest to run as a free trade up to 1:3 R:R for stocks and may be 1:4 sometimes for Forex if there is a strong technical reason.

Glad you took the trade. I didn't look at the chart yesterday...it made a 123 breakout and could have entered yesterday as well but only caught my eye today when I was Scanning FTSE 100 Stocks!

I took couple of other Long trades today will post a chart soon when I get some time

Don't be discouraged Red Chilly.

I took the trade last thurs (@ 380.9), and exited today (@396.9) - as the technicals were sound; *but*, if it wasn't for *your* validation, I would have doubted myself, and would have opted out of it.

(I guess I owe you a drink at the next CV meet up!)

Looking at your posts and Remo's posts, the % of potentially successful trades is remarkable.

Deutsche Bank get less than 40% of their trades right, UBS fares a bit better at 55% (admittedly, they use a wider set of instruments), so don't go kicking yourself - the probability points to you getting another great trade - and soon!

Interested to know why you favour a 1:2 R:R ratio though. I tend to favour 1:3 or 1:4 sometimes.

Keep at it!

This is flying & I'm kicking myself


Oh well! may be some other day but can't stop feeling gutted....that was a 1:2 R:R ratio trade out the window

gap down this morning...don't like it
bad news?? don't know lol
Closed at near breakeven

Long @ 380
SL below 371
Target 400

Stopped

RMc

Now stop BE

1 contract at 384

RMc

Think I'm in this on my own.

Entry 393
Stop 403
Target 350 and 333

Gla RMc

This is smack on the trend line now

Lets see what tomorrow brings?

RMc

Here is the weekly

screencast.com/t/3ja1blnEVJ

Daily view

screencast.com/t/NXJdfrq80

RSI over 70 on weekly and daily.
Watch this, midweek opportunity ?

RMc