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TOPIC: BG Group near the top of trading range

BG Group near the top of trading range 18 Oct 2012 20:47 #1

  • remo
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Diver993
Only short on the first attempt of that level. The risks of a breakout mount on every re-test.

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BG Group near the top of trading range 18 Oct 2012 19:23 #2

  • diver993
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Excuse this old fella talking out of his nethers: the long ws from 1300. I'm getting totally confused with the note I made on my chart at the time. Humble apologies.
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BG Group near the top of trading range 18 Oct 2012 17:59 #3

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I was into this a couple of weeks ago for a long from 1240....

screencast.com/t/zktfSbTzz

....I might just take your advice and short it from 1356
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BG Group near the top of trading range 18 Oct 2012 14:28 #4

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dl.dropbox.com/u/4899609/bggroup18thoct.jpg


This one is in a nice trading range.
The range if fairly big.

I always short at the top of the range on first attempt but with a very tight stop.Maybe 6-7 points.
If this does go through the top then i will look to go long. Best entry then would be on a re-test of that level again with a stop attached


bggroup18thoct.jpg





DYOR
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