Long @ 3125p
Stop 3050p.
Chart from yesterday.
uk.advfn.com/p.php?pid=chartscreenshotsh...i1w=&symbol=L%5EBDEV

Regards,
trendfriend.

This looks to have some strength atm, 1,2, 3 breakout if it gets above 3056p.

uk.advfn.com/p.php?pid=chartscreenshotsh...Is8Q=&symbol=L%5ERIO

Above the 20 & 50 day ema, and looks the rsi wants to break out as well...

Regards,
trendfriend.

Long @3130
SL is below todays low of 3070

This is looking interesting atm, and one to keep an eye on the time being. This is good trading share, volumes are good on this, and the movements fairly easy to call, i trade quite often, mainly shorting any rises, as i think this is has a mid term bearish set up.
This is weekly chart of Rio.
uk.advfn.com/p.php?pid=chartscreenshotsh...OPKU=&symbol=L%5ERIO

Now looking at this, it seems this is in a nice uptrend, and going long @ 3075p, would be the right trade??

However, if we go back a bit on the chart, we can see this has been, at best been in a range since Jan 2012. in fact its been making (albeit only slightlty) lower lows and lower highs since Jan 2012.
You can see what i mean here.
uk.advfn.com/p.php?pid=chartscreenshotsh...lE%3D&symbol=L%5ERIO

The next trade on here imo, is if this breaks below the trendline @ 3075p, if it does this should head towrds the support @ around 2500p imho, as i think the setup is bearish here, and has been for some time.

This is some way off that level atm, but this moves quickly, and i think this will be a good trade, so one to keep a eye on for now.
Regards,
trendfriend.

I'm short on this, it tested a trendline, and failed to hold above it.
This has a good run, and looks bearish imo.
uk.advfn.com/p.php?pid=chartscreenshotsh...jWxI=&symbol=L%5EGKP

A close up chart.
uk.advfn.com/p.php?pid=chartscreenshotsh...giUs=&symbol=L%5EGKP

Regards,
Trendfriend.

from this weeks share tips
This should be a free trade now.


dl.dropboxusercontent.com/u/4899609/rio3rdjuly2014.png

This looks bearish short to mid term IMHO, with a crossover of moving averages.
This is a chart from yesterday.

uk.advfn.com/p.php?pid=chartscreenshotsh...Y9Uw%3D&symbol=L^GKP

Should at least test the long term trendline at around 2950(ish) rising daily.
failure could test the falling channel trendline at around 2550p IMHO.
One to keep a eye on.

Regards,
Trendfriend.

Is that one big, multi-shouldered head and shoulders like pattern? I mean the concept of H&S being increasing then decreasing peaks, this looks kind of similar...

Would we be looking to go long at support or waiting for a break and going short?

What are the other indicators pointing towards?

(Sorry for all the Q's, I've still got a lot of learning to do!)

Cheers
Woody

RIO approaching long term support....

This looks goood for a trendline bounce. It should hit the trendline tomorrow.
uk.advfn.com/p.php?pid=chartscreenshotsh...Gw%3D&symbol=L%5ERIO

This is a close up.
uk.advfn.com/p.php?pid=chartscreenshotsh...KU%3D&symbol=L%5ERIO

Long from 3160(rising daily)

Regards,
Trendfriend.

This should be a free trade if you managed an entry!

This nearly had a 123 low breakout today

I have orders to open for long on open tomorrow above 3250

SL will be 50 points (Ideal 3173, 2 of 123 low but its too far away from entry)

if it bounces it could give more..stops are a must thou

remo wrote:
Glad to be of help

I note that Ronnie listed RIO in the shares that gapped down today, so it could get to the target this week (touch wood!).


Without wishing to jump the gun, but how many points would this be good to the upside?

There seems to be bunch of resistance lines, but I'm thinking 70+ points should be good!

(pity it is an expensive share / CfD)

Thanks Libero
on my watch list for a quick long from the trendline play.
cheers mate

This fell heavily today, towards 'a' trend-line.

perhaps worth a long as it touches the said line.

This has filled the gap...
I've gone long from the gap fill...

dl.dropboxusercontent.com/u/4899609/rio13thjan2014.png


forgot chart...dohhh

tomorrow may be volatile as dows taken a bit of a hit..hopefully this can ride out this.fingers crossed

Hi Remo, did you miss the chart?

Possible 123 low set up based on hourly chart.
Long above 3191 with stop below the 2 point if it activates.
This share is not for the faint hearted.

This should be a free trade now
This is from this weeks share tips
This is a perfect trade. This bounced off the trend line perfectly the other day and has since moved over 200+ points so no excuses for a loss on this.


dl.dropboxusercontent.com/u/4899609/rio28thnov.png

Me - I'm in it

Happy days

Anne

This looks like its breaking out, is anyone in it?

SL moved to below 3168 & its a free trade



This is approaching top of trading range

Long @ 3043
SL is below 2935

diver993 wrote:
RC,

Are you crazy man! I'm not all that a trader myself, although I have worked with many during my time in the financial sector. That said, I consider you to be one of the best independent traders (no, I don't mean Trotters!) out there, and in cyberspace.

There's some really good eggs on CV, and from a personal view, I rate you as one of the fantastic four here - no disrespect to anyone here. Everyone is excellent.

No, I won't disclose the other two, but suffice to say Remo is also one of the 4, especially given that his hit rate is still high judging by the periodic share tips!

So, keep up the good work!

Redchilly I value your posts and would very much appreciate you continuing to 'bang your head against the wall' I know the feeling and have very often felt exactly the same myself! In a couple of months I will have much more time to devote to trading so hope to be more communicative. Sorry for not responding in the past!

Oh no! Please don't give up - I might be slow in learning so I have little to offer in return (there's so much else going on in my life!) but learning I am and your contributions are a valuable contribution. I look out for your charts!!

Thanks for this on RIO - it's one of my favourite shares and I am learning to trade it - v e r y s l o w l y .....

Thanks,
Anne

Follow up chart 13/14

SL moved to below yesterdays low (2878)


PS - I think not many on here are interested in live trades & it seems my posts are just clogging the site and probably wasting others and my own time!! There's is more interest to fantasy Elliot Waves and GKP price prediction and none in hardcore trading which should be the essence of a trading discussion forum!

Its frustrating + disappointing & I'm losing the motivation & probably will have to slow down or give up posting live trades all together

I am expecting this to eventually drop to around 2,100 so be aware this may be a temporary rise. It is an odd scenario though: a bullish gap up, yet a bearish finish to yesterday's candle?
Hope I've got it wrong and this soars

Follow up chart 9/9

Partial profit taken today...closed 1/3rd.
SL moved to below low of yesterday ( 2694 )



This gapped up at the open today, broke the downtrend resistance (red line), Short term resistance (black line) and also made a 123 low breakout.

2/3rd position still open and trade on going.

I have order to open long position @ 2745 (gap @ 2737)

Support on weekly chart


Morning Star today at the support on daily


Long @ 2720
SL below 2605

A close above 2775 will give a 123 low breakout

This had broken out today above the 123 low. If this finishes above 3069 then higher prices may follow.This also currently has broken out of the RSI trend line.
This is from the interesting chart section

Hi Waverider -

i'd look at two key potential area's for now:

3340 & the gap (on daily)from your breakout point of the diamond....3164 (-+10)
there another that come's in between that @ 3235/40 area

also note the large triangle on this & neckline of failed h&s

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

regards,
WS

Please can someone validate Rio's immediate supports?

I see this as a beautiful diamond pattern already played out and now I am just waiting to pounce. Still some way to go before i can be enticed but its good to know where....

dl.dropbox.com/u/4385922/rio_0103.png