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TOPIC: Xstrata

XTA 24 Apr 2013 09:47 #1

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An old favourite looking very strong to exceed 1200



Closer up you can see this hitting the 50% fib of the (( a )) wave and the 61.8% fib of the (( w )), together with the support of the (( b )) wave and the 61.8% fib of wave A.
It has completed seven swings from (( w )) indicating the completion of a corrective cycle.
The RSI and StochRSI both appear to have bottomed.
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Xstrata 05 Mar 2013 20:41 #2

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Perhaps this share will trade "normally" now that the merger uncertainty is fading! That said, maybe its better to start trading GLEN instead because XTA will be no more soon :(

Anyway, here's the chart I promised earlier - wood from the trees springs to mind, but I do wonder if there's an arbitrage trade to be had whilst the 1:3.05 ratio remains at play (its closing fast!)

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Xstrata 05 Mar 2013 15:04 #3

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redchilly wrote:
yeah ideally SL should have been above previous high but that was too far away for my liking...doh
you win some and you loose some

RedChilly,

Your trades of late have been excellent... Shorting XTA was a tough call - and just as well you had a stop loss in place because its up by over 5% as I type...

It seems to be that its trading in a narrow band of c.1100 to c.1200.

Will try to post a chart later...

Good luck!
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Xstrata 05 Mar 2013 11:05 #4

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yeah ideally SL should have been above previous high but that was too far away for my liking...doh
you win some and you loose some
dyor
redchilly
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Xstrata 05 Mar 2013 10:34 #5

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I liked the rationale for entering the trade RC adn the we still have the lower lows and the lower highs so isn't the trade still viable as long we don't put in price over 165 (previous high on daily)?

I was watching for an entry , but have not yet entered it.
All it takes for the triumph of evil, is the silence of 'good men'
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Xstrata 05 Mar 2013 09:47 #6

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Stopped out :angry:
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Xstrata 04 Mar 2013 16:46 #7

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Thanks RC, will look in more detail at that trade. I've not yet entered it.
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Xstrata 04 Mar 2013 16:40 #8

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Shotry
heres a few charts to explain
1. my entry was based on a break below 1104 and the horizontal trendline as shown below
XTA1104.jpg


2. black trendline on your chart is quite far away on my chart
XTATL.jpg


3. you can wait till it goes up to your blue trendline & it will give you an excellent R:R
but to do that it has to bounce more than 61.8% fib from where it is now!
XTABlue.jpg
dyor
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Xstrata 04 Mar 2013 16:14 #9

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RC any value in the trendline I've drawn here on the daily? I'd feel happier if it broke that or to short from the higher blue line?

Would appreciate your views

screencast.com/t/gtsmkvA2J
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Xstrata 04 Mar 2013 14:43 #10

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123 high breakout after a trendline break
LHs and LLs
Short @ 1096 with a SL of 35 points
XTA.jpg
dyor
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Last Edit: 04 Mar 2013 14:47 by redchilly. Reason: typo
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XTA 21 Feb 2013 14:28 #11

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Any thoughts on this ol' favourite?

I'll try to post my analysis after the close of play today, but looking at T/S' chart recently, there was decent support at around the 1100p mark.

What do you think folks?
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XTA 22 Nov 2012 17:05 #12

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yep
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XTA 22 Nov 2012 16:42 #13

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am i correct in saying that XTA has now pushed through the short term downtrend line ? or is it bang on? hard to say with the crappy software i have.
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XTA 20 Nov 2012 16:00 #14

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ive been avoiding this share due to the take over.
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remo
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XTA 20 Nov 2012 14:19 #15

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Yep - missed my entry by 5p. By the way, the eagle-eyed amongst you will have noticed that the support level I referred to should have read 894p rather than 984. I must have been thinking of the current SP when I made that typo!
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XTA 20 Nov 2012 14:14 #16

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It's looking like someone pulled the plug at 984 - down to 956 at a rate of knots!
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XTA 20 Nov 2012 13:39 #17

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This is approaching the short term downtrend reistance which stands at 991p today:

XTAdaily20_11_12.gif


dl.dropbox.com/u/20815047/XTAdaily20_11_12.gif

I've been patiently waiting for this to retrace to the 984p support at the 61.8% Fib, uptrend support and natural support but if it closes above this downtrend I may need to re-think the strategy and go long.

It really doesn't look like the correction is properly complete to me though. Any other thoughts out there? I'm thinking possibly a short at 989/990 with a very tight stop...
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XTA 10 Nov 2012 11:17 #18

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hi ftse80

Thats just me my friend. I personally have not used it on shares but if its liquid enough then why not. If it works for you then go with it.
remo
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XTA 10 Nov 2012 00:33 #19

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I am looking to go long on the miners but I am waiting for a lower low to get triggered off.

We are still in the highs so lets see. Patience. I have been stung by the lack of it many times lol
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XTA 10 Nov 2012 00:30 #20

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I thought Inside Bar system you should trade on currency only?
Ftse80
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XTA 09 Nov 2012 08:41 #21

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This looks to have had an inside bar yesterday following a bearish engulfing candle:

XTAdaily09_11_12.gif


dl.dropbox.com/u/20815047/XTAdaily09_11_12.gif

I went short at 981 yesterday based on bearish markets and the engulfing and IIRC the way to trade an inside bar is to follow the move in whichever direction it breaks so hopefully this will play out.

The wave count is purely for my own purposes so best ignored perhaps.
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XTA 07 Nov 2012 20:08 #22

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The who profile?

I uploaded a photo from last Christmas...

:S
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XTA 07 Nov 2012 19:47 #23

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my 9yr old daughter is loving the "homer in undies" profile jakozy....Simpsons has become her fave programme all of a sudden - got to vet which ones she wathches though - save the borderline ones for myself
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XTA 07 Nov 2012 18:39 #24

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I've been waiting ages to go long at 893 as there are 3 levels of support there, but it looks good for a short with stop above 1008 due to the bearish engulfing candle. May be worth waiting for an entry half way up today's candle though (remo's method for marubozus):

XTAdaily07_11_12_2012-11-07.gif


dl.dropbox.com/u/20815047/XTAdaily07_11_12.gif
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XTA 03 Nov 2012 17:23 #25

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also careful with this as its in a take over situation. I tend to avoid these things as you can can hit by the unexpected.

One of my favorite shares.
remo
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XTA 03 Nov 2012 10:09 #26

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Hi
There is long term trendline at about 1035 and strong resistance at about 1039

dl.dropbox.com/u/35299169/2012-11-03_1003_xta.png

2012-11-03_1003_xta.png
Ftse80
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XTA 03 Nov 2012 09:35 #27

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Anyone looking to go long/short on XTA?

I personally want to trade mainly miners and banks next year and so have been looking to really get studying on XTA.

Anyone recently peeped into our ol gal XTA recently?

dl.dropbox.com/u/4385922/xta0311.png

It seems to have come up to trendline and 200 MA resistance. I like to think there is an ascending triangle being set up in the bigger timeframe and there will be one more opportunity knocking round before it breaks the trend line.

Any thoughts?
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