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TOPIC: Aviva

Aviva 20 Feb 2013 18:46 #1

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remo wrote:
Rossymc wrote:
Got smacked out yesterday on 70 and look at it go now!!!!!

54 as I type.

Remo, please can I have feedback on my stop.

Cheers RMc

Stops should be placed above the previous high(resistance)
If you had entered the short on the back test of the breakout then the stop should have been above the high at 376.2



The only problems with having stops above the previous resistance is that it could be really far away with some companies maybe 200+ points, but with Aviva it's fairly close by so you would have placed it above 376.2.
Hope that makes sense

Remo .... perfect.
2nd target was gap and third was 320ish.

Thanks for your time pal, much appreciated.

RMc (living and learning)
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Aviva 20 Feb 2013 13:43 #2

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Rossymc wrote:
Got smacked out yesterday on 70 and look at it go now!!!!!

54 as I type.

Remo, please can I have feedback on my stop.

Cheers RMc

Stops should be placed above the previous high(resistance)
If you had entered the short on the back test of the breakout then the stop should have been above the high at 376.2



The only problems with having stops above the previous resistance is that it could be really far away with some companies maybe 200+ points, but with Aviva it's fairly close by so you would have placed it above 376.2.
Hope that makes sense
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remo
Last Edit: 20 Feb 2013 13:45 by remo.
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Aviva 20 Feb 2013 13:01 #3

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350 first target for 3 contract achieved.

Remo, I need a smiley with steam coming out of its ears.
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Aviva 20 Feb 2013 12:07 #4

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Got smacked out yesterday on 70 and look at it go now!!!!!

54 as I type.

Remo, please can I have feedback on my stop.

Cheers RMc
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Aviva 12 Feb 2013 12:50 #5

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I'm going to be very interested to see how this plays out. Is your green box a rough area of resistance? Bearish candle is clear, how much weight should one give to this compared to the Bullish divergence? How would you view a finish above 363.5? I have resistance there?
All it takes for the triumph of evil, is the silence of 'good men'
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Aviva 12 Feb 2013 12:22 #6

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clip2net.com/s/2P4Kj

Explanation on charts

image_2013-02-12.jpg


Cheers RMc
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Aviva 12 Feb 2013 12:11 #7

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I'm not making a lot of great calls at the moment, but I have to say that this looks like a long position to me with good bullish divergence on the MACD histogram. Be careful R
All it takes for the triumph of evil, is the silence of 'good men'
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Aviva 12 Feb 2013 11:25 #8

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Challenging former support circa 365.
Been waiting for this.
Short with tight 370 stop

Sorry no chart RMc
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