Where is this heading? It has reined in some of its gains pretty as the Euro Zone published its GDP results, but its been up for 8 successive trading sessions.



I thought it had ran out steam at 105p and dumped 60% of my holdings! Now, I'm of the thinking that the momentum will carry it through till results day (end of Feb), given its loyal dividend.

p.s. not too convinced that about the support lines plotted, as this security is heavily tied to currency (USD issued, GBP listed, and seemingly EUR trending).

In any case, I stand by my previous post in using the Moving Averages in entering this - and its worked so far, but in typical fashion - entering a trade has never been the problem for me!

Again, any thoughts on this are welcome!

This is back on the radar...

The trend line doesn't look too great but I've put the chart up to highlight the use of Moving Averages.

Thoughts welcome!

p.s. the attached chart was too small when originally posted, so here's the original sized version, via drop box:

dl.dropbox.com/u/15745438/EMG_08-FEB-13i.jpg

Good commentary Chilly, cheers.

Bearish divergence on hourly - have closed my position as it was short term trade

oi46.tinypic.com/25oyzgw.jpg

Sorry posted EOD daily of 17th by mistake on previous post instead of 18th

fridays chart

follow-up chart


after the inside bar and close above the previous high, fridays candle has made a HH and a HL

Has it still got any legs?

SL moved to below fridays close

I also took this this morning and am watching it closely. I took it on the basis of the inside bar and the finish above the resistance at 94. Here's hoping.

inside bar trade
stop below the low of previous candle
it has also made a close above the previous high of 96 today which is bullish

Inside Bar today