My short on this got taken out this morning by the gap up. since then its moved lower. Im not chasing this any more as ive got taken out. Thats what the stops are there for in the first place. To stop the emotions.
you win some and then you lose some....


dl.dropboxusercontent.com/u/4899609/rexam2ndjuly.png

Ive just gone short on this from the gap resistance. my stop is tight .above 502.
originally was planning on going short from the trend line back test but decided to wait for the gap resistance instead.
this has moved a lot recently so am expecting a little pull back at least so hence the trade.
7 point risk...


dl.dropboxusercontent.com/u/4899609/rex1stjuly.png

Could someone with updata please post a monthly chart of rexam please as there seems to be different prices between different charting packages.
My charting package is with metastock and there powered by reuters so i doubt that my one would be wrong as its a payed version. It would be good to know by someone else posting a chart by a payed version like updata. cheers.
I find it amazing that theres such a difference in price highs. Normally a few penny difference but not hundreds.

This turned out to be a good trade...
even thou i closed my position on the same day........dohhhh
but i got in on the following day with stops above the high

heres a monthly chart view so its easier to see the levels.
I do hate it when there is so much differences between the charts.
The trade i placed earlier is right at the resistance level. I will look to close the trade today as i dont want to hold a position over night if a share finishes right near a major resistance level. This trade is a first attempt trade only and i would close this if there is not much movement away from this level come 4pm. Normally first attempt trades near major resistance levels normally moves away from it quickly. The longer it holds near it the more likely of a breakout.

here's IG :

dl.dropbox.com/u/40497882/REXAM.JPG

LOL..has anyone else got updata to verify the charts...Im amazed at the differences..dohhh.

Inv H&S target is approx 576/580 on this one imo based on monthly chart.

yahoo finance have a high of 774.45 in Oct 2006

I don't have this as an all time high on my charts or as a double top!!

screencast.com/t/k8IlNgBFuzXb

Always worries me when I see differeces like this between my charts and those of others. My data is from IT Finance

Ive gone short on this due to double top possibility??? and the fact that its at all time high currently so shorting on a first attempt basis with a 10 point stop.

far away view

close up view


This is only for a short term trade

Ive gone short on this one.
I went short due to the price going half way up the shooting star. My risk is 8 points as the stop is above the shooting star.
Obviously its against the trend so risky.
This is from the interesting charts section



dyor

This one has bounced of perfectly from a re-test of trend line breakout.