Cookie Policy

This page would like to place cookies on your computer to help us make this website serve you better
Accept cookies
 Cookie Policy

Welcome, Guest
Username: Password: Remember me
Forgot your password? Forgot your username? Create an account
Threaded Indented

TOPIC: Smiths DS: SMDS Head and Shoulders breakout

Smiths DS: SMDS Head and Shoulders breakout 11 Jul 2013 20:55 #1

  • redchilly
  • redchilly's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 589
  • Thank you received: 1107
  • Karma: 31
Follow up chart 10/11

Gapped up today
Partial profit taken....closed 1/3rd today.
SL moved to below the low of yesterday ( 248.5 )
Trade not free yet but near to breakeven.
DSSPLCChiX.png


Order to open long @ 254.5 (gap)
dyor
redchilly
The administrator has disabled public write access.

Smiths DS: SMDS Head and Shoulders breakout 08 Jul 2013 11:12 #2

  • ps13
  • ps13's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 2
  • Thank you received: 1
  • Karma: 1
Thanks for the reply...
The administrator has disabled public write access.

Smiths DS: SMDS Head and Shoulders breakout 08 Jul 2013 11:03 #3

  • redchilly
  • redchilly's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 589
  • Thank you received: 1107
  • Karma: 31
will start taking profit at 265 (previous high)
then 275 100% fib extension
& 295 161.8% fib extension
sorry no chart as @ work :(
dyor
redchilly
The administrator has disabled public write access.
The following user(s) said Thank You: cautious tone

Smiths DS: SMDS Head and Shoulders breakout 08 Jul 2013 10:30 #4

  • ps13
  • ps13's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 2
  • Thank you received: 1
  • Karma: 1
Redchilly

Gone with a long at 248.5 as been watching this all morning.

What's your view on price target? I am looking for 263/265.
The administrator has disabled public write access.
The following user(s) said Thank You: ronnie

Smiths DS: SMDS Head and Shoulders breakout 08 Jul 2013 09:50 #5

  • redchilly
  • redchilly's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 589
  • Thank you received: 1107
  • Karma: 31
Order got filled
Long with a SL as below
dyor
redchilly
The administrator has disabled public write access.

Smiths DS: SMDS 04 Jul 2013 23:10 #6

  • redchilly
  • redchilly's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 589
  • Thank you received: 1107
  • Karma: 31
Nice gap fill y'day
today's candle making a HH and a HL

SMITHDS.png

I have an order to open Long position tomorrow at 248.5
SL is below y'days low which is 240 (which is also 50% fib)
dyor
redchilly
Last Edit: 04 Jul 2013 23:11 by redchilly. Reason: typo
The administrator has disabled public write access.
The following user(s) said Thank You: boxhead1

Smiths DS: SMDS Head and Shoulders breakout 21 Jan 2013 15:19 #7

  • manfrombrussels
  • manfrombrussels's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 38
  • Thank you received: 32
  • Karma: 3
The high being the high of the head and not the left shoulder ?

Thanks for your help.
The administrator has disabled public write access.
The following user(s) said Thank You: remo

Smiths DS: SMDS Head and Shoulders breakout 21 Jan 2013 14:46 #8

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3079
  • Thank you received: 5561
  • Karma: 113
The play is still valid as long as the price dont go above the high. At which point it will be a false one.
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: manfrombrussels

Smiths DS: SMDS Head and Shoulders breakout 21 Jan 2013 10:56 #9

  • manfrombrussels
  • manfrombrussels's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 38
  • Thank you received: 32
  • Karma: 3
Just wondered on people's thoughts as to whether the head and shoulders is still on here, looks like it to me.
Attachments:
The administrator has disabled public write access.

Smiths DS: SMDS Head and Shoulders breakout 14 Jan 2013 12:27 #10

  • remo
  • remo's Avatar
  • NOW ONLINE
  • Moderator
  • Posts: 3079
  • Thank you received: 5561
  • Karma: 113
This looks bearish with a Head and Shoulders breakout and a 123 high.
There is also divergence on the RSI which is really clear to see.




Stops should be above 209 so small risk .If your brave then you can put the stop closer at 206 ;)
The head and shoulder has come right at the height of this share



DYOR
Information Purposes Only, Do Your Own Research
remo
The administrator has disabled public write access.
The following user(s) said Thank You: ftse80, manfrombrussels
Threaded Indented
Moderators: remo

Time to create page: 0.181 seconds