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TOPIC: IMI- Trendline bounce

IMI- double top????? 10 Jan 2013 08:39 #1

  • remo
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This is a free trade now. ;)
Ive taken most of the profit from the gap fill yesterday . I left an order in the market to close most of my short at 1097.
The gaps are great places to take profits from.
The remaining positions ,i have moved my stops to profit at 1132.

Im showing my trade idea for learning purpose so that people can see how to trade.
My trading is in and out so not for everyone as can be seen from this thread. ;) ;)



DYOR
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IMI- double top????? 08 Jan 2013 20:44 #2

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This is looking good so far.
Is this a island top ?????right at resistance....
im already short on this and its a free trade now. ;)



who says technicals dont work ;)

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IMI- double top????? 04 Jan 2013 15:35 #3

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just gone short with 15 point stop.This is a first touch basis trade.



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IMI- double top????? 03 Jan 2013 09:55 #4

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This ones approaching a possible double top???
Im gonna short this on a first attempt basis only with a tight stop of 20 points.
1142 is the all time high and was hit in july 2011.
Its worth a short only on first attempt basis.This is obviously going against the trend trade :ohmy:




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IMI- gap filling so possible short 11 Dec 2012 09:46 #5

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screencast.com/t/poce6X8v

Just increased my IMI short ( Spread is 3.2 and I got a sell at 1079.91). Stop is at 1104 and my target is around 995. I'll trail the stop down manually should the trade move my way.
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IMI- gap filling so possible short 09 Dec 2012 21:59 #6

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Maybe time for a little pull back, to 1030 at least?
channel and Fibb extension at 1098
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IMI- gap filling so possible short 04 Dec 2012 13:58 #7

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Shotry wrote:
Apologies Remo, it would seem we were looking at the same stock at the same time.

The odds of that must be very high.
same time as well.lol :cheer: :cheer:
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IMI- gap filling so possible short 04 Dec 2012 13:55 #8

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great minds think alike. B) there is a gap on your chart on the 29th of july. But yours is showing that the gap got filled.
My one is saying it did not get filled.
Im not a fan of IT Finance charts as i ve seen many errors in the past.
If someone got updata can you verify this.
Thankyou.
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Last Edit: 04 Dec 2012 13:55 by remo.
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IMI- gap filling so possible short 04 Dec 2012 13:35 #9

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I can't tell from the graph what date your gap is, but I'm pretty sure I don't have a gap on my charts (you've previously said that my charts have some errors in them; IT finance supply them). I've added a blow up of that period with my data.

screencast.com/t/Vd4MeZOb0Cf3
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IMI- gap filling so possible short 04 Dec 2012 13:25 #10

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Apologies Remo, it would seem we were looking at the same stock at the same time.
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IMI- gap filling so possible short 04 Dec 2012 13:21 #11

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This is close to filling the gap so im gonna go short at 1074 with a 10 point stop
This is a first attempt basis trade.



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IMI- Trendline bounce 16 Nov 2012 08:21 #12

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This share has gapped up this morning and is trying to break resistance level:
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IMI- Trendline bounce.Now in trading range 14 Nov 2012 10:44 #13

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This one has bounced of trend line yesterday and finished with a hammer.
This has so far held that trend line a few times now and has been a good trade.
Stops have to be below the hammer
Ive been in and out of this quite a few times now

dyor
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IMI- Trendline bounce.Now in trading range 06 Nov 2012 16:11 #14

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Im long on this on the re-test with a 10 point stop so small risk.

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IMI- Trendline bounce.Now in trading range 31 Oct 2012 09:59 #15

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Im still long on this and will be closing the long at 972

I will be shorting this at 976 with a 10 point stop

This is in a trading range and if this does finish the day above 972 this could fly higher so i will be looking to go long if it does breakout but will enter on a re-test. The target for the breakout is 74 points.
I dont play the breakout game as most breakouts are false so hence why im shorting at resistance at first attempt.

DYOR
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IMI- Trendline bounce 18 Oct 2012 11:14 #16

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dl.dropbox.com/u/4899609/imi%2018thoct.jpg

this is in a nice little trading range as well.
This bounced of the support from the trading range perfectly yesterday creating a hammer
and now looks to be heading towards the top of the trading range again.

Stops are below 897



imi18thoct.jpg



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