BG.

This has came back to almost the level it bounce off in November, and giving a really good risk/reward ratio trade.. 20 point risk to 100 reward possibly.

dl.dropbox.com/u/43650856/BG%20Group%20-%2028th%20Dec.htm

ggok
when bollinger bands tighten then its getting ready to explode out.
But obviously it could go ether way.
Im favouring an up move.
Im still long on this share and have added a few more but with a stop below 1050
This share is moving nicely so far.
dyor

It made new high today and triggered my order for 123 high so hoping for 1175 as next stop unless there is 5th wave down to come yet..

Hi Remo et al.
What do people think to BG?
Is it building up strength or something else?

rt6.t.prorealtime.com/ProRealTimeNew/sho...31e5273e722a7bfbaae&

the bollinger bands on the hourly are really tight.
It just seems to be stuck.
Its stuck between EMA10 and 20

I took profits again at 1078p. I saw resistance at the 1079p on the 15 minute chart.

Have placed an order at 1068p which i think may get filled on the lunch time drop.

This appears to be a good share to trade. Originally I wanted to trade it from 1000p to 1200p but if I can keep taking profits and getting in lower I can multiply my 20% target.

I think I have reached about 9.5% so far which is very good on 5% margin. Every trade has made money and temporary losses have been kept to much lower figures than I am used to.

Less stressful trading this type of shre although I would have hated to have been a holder at 1300p to sub 1000p. I am glad I took profits around 1248p last time.

I am maturing as a trader.

Good luck with this one.

My stop got hit at 1060 just below 23.6 retracment fib of the recent rise, and I will wait for it to drop to the 50% or 61.8% to re-enter, my thinking is this could be a wave 2 and it may retrace right down to near the low at 991.

So re-enter at 1035 stop at 991 for a position for wave 3.

dl.dropbox.com/u/43650856/BG%20Group%20-%2027th%20Nov.htm