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TOPIC: National Grid (NG.)

National Grid (NG.) 27 May 2014 10:28 #1

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also you have to be careful with a gap up as you said its a sign of strength. This one is a risky short as the markets are looking a bit more bullish today so shorts could be risky apart from a very short term trade basis.
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National Grid (NG.) 27 May 2014 10:23 #2

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Thank you both! I was taking the gap up this close to resistance as a bullish signal, but I guess given the rise already and strong resistance, it's fairly likely it will retrace to at least fill the gap before proceeding.
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National Grid (NG.) 27 May 2014 10:15 #3

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This was a first attempt trade at resistance. This trade should be closed down if the price finishes the day close to this level. ;)
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National Grid (NG.) 27 May 2014 10:06 #4

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For first attempt trade for a short, which has already triggered but very risky trade as its at strong resistance and at an all time high.

Using a 5 point stop but will look to reverse the trade if it breaks out.
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National Grid (NG.) 27 May 2014 09:56 #5

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I assume you are talking about watching for a break and backtest of resistance to go long? (sorry, learner Q!)

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National Grid (NG.) 27 May 2014 09:51 #6

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Gapped up and very close to resistance, one to watch..


dl.dropboxusercontent.com/u/4899609/ng270514.png
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National Grid (NG.) 12 Feb 2014 13:11 #7

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Potentially a great one this, Remo B)

It isn't the most liquid of shares mind, but hopefully when it moves, it does so to the upside! :cheer:
Last Edit: 12 Feb 2014 13:12 by Libero.
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National Grid (NG.) 12 Feb 2014 12:50 #8

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back testing breakout point currently ;)
worth a long with stops below yesterday low


dl.dropboxusercontent.com/u/4899609/ng12thfeb2014.png
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Last Edit: 12 Feb 2014 12:51 by remo.
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National Grid (NG.) 11 Feb 2014 10:10 #9

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Fighting resistance at the moment, possible symmetrical triangle break-out...one to watch..


dl.dropboxusercontent.com/u/4899609/NG110214.png
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National Grid (NG.) 20 Jul 2013 10:19 #10

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This one has a mini inverse H&S and a nice 123 set up in place?

The energy sector seems to have some momentum so charts are looking nice for UU and SSE as well.

Here is my thoughts:
dl.dropboxusercontent.com/u/4385922/NG..png
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