Afren(Will It, Wont It)

Jackozy wrote: Hi S,

I've been a bit busy with other things since my hols so not been in the chat until yesterday. This market seems a bit sideways and choppy to me so I'm largely sidelined and just dipping in and out of a few trades here and there.

I forgot to note down your email add. If you want we could use a private chat room to exchange addresses again? I'll go in the chat now in case you're around.

you can use the private messaging just for that exchanging emails or sending a private message to each other

Hi S,

I've been a bit busy with other things since my hols so not been in the chat until yesterday. This market seems a bit sideways and choppy to me so I'm largely sidelined and just dipping in and out of a few trades here and there.

I forgot to note down your email add. If you want we could use a private chat room to exchange addresses again? I'll go in the chat now in case you're around.

Was out of this myself a bit early. Followed the H&S on the 4h chart (see chart), but my target was conservative. Nice profit, but should have been more. You still in chat from time to time J? No-one there mostly when I check in. I posted my email in there a while ago would be very happy to discuss some stuff with you as it arises if you're happy using it.

screencast.com/t/B0zjDIw3zdd

J thanks for that, would you be as kind to look at the Lloyds thread as I put a question up there for you

Cheers

SRB

I've closed my long on this due to the possibility of a negative RSI divergence on the daily chart:



dl.dropboxusercontent.com/u/20815047/AFRdaily02_05_13.gif

I'm fairly new to these, but in my reading and backtesting (so far) they seem pretty reliable as continuation patterns suggesting that AFR will continue its drop below that trendline. There is another, lower, trendline which sits at 104 today which is the main uptrend support.

It might be worth a short with a stop above 135.2p or just wait to see how it plays out as a paper trade.

forgot to mention that this was mentioned in last weeks interesting chart section
That was the best area to go long as there were to levels of support converging together at 121(trend line) and 119(61.8fib)