DXNS and stop losses and daylight robbery

Hi, not sure if it was much of a break out on a T/A basis guys. I had a very strong hunch that the trading statement would be good on Thursday morning and so it proved to be. I made some good money selling into that rise. I cant pretend to you that my t/a skills had anything to do with it. With this one I have been in and out of it for a few months now and was payinga lot of attention to the good noises coming of of DXNS for some time now. Its one hell of a company these days.

Jackozy

"Just looks like a gap fill in a strong bull trend to me too."

Want to know whether I understand you above correctly. You mean that it is bull trend. However, gap fill is a retrace event. So it was a temporal retracement. Correct?
However on my ADVFN, there was no gap fill on 17 May.

uk.advfn.com/p.php?pid=chartscreenshotsh...Pb/y&symbol=L%5EDXNS

PS There's some resistance at 47p from the high on the week of 8 May 2009 and a weekly gap down from 50.5p so watch those levels.

Just looks like a gap fill in a strong bull trend to me too. Stops ought to have been below the 30 April low of 34.95p for me as there was a clear symmetrical triangle there. Pity you didn't post that chart before it broke out so we could all have had some of that action!

Thanks a million for these replies guys, that all makes a lot of sense. It seems as if i being paranoid; well to some extent anyway.

ma's and other indicators are magnets to stops just as they are a CCTV camera for the markets. seen it many times.. where the price usually dips just a bit below the ma's before heading off (stop cleaners) - if the trend is up....

most unsuspecting tend to usually put stops in at specific MA's or just below, seems logical but is it ? - so its an easy target to rip n go..

looking at your chart - stops a few pips below (33/34) the breakout point of around 35/36. looks like that move down was successful technical retest of the previous breakout and indeed another breakout of triangle seems to have occurred

wouldn't advise anyone not to use stops and should always be used as part of risk management

best practice is when you enter a trade (you need to know why afterall) .... is to have a price target, price placement of stop and exit strategy.

always bank profit and move stops in when you have some clearance...so if you get stopped , you've banked profit and or you've got stopped out with little or no loss.

all imho.

rgds WS