ISA : Inmarsat

screencast.com/t/moQIjUCoTx

I have a confusing picture of that rising trendline. Really wasn't sure where to place it. IT finance charts. Do you have a weekly chart Remo so I can compare (with your own trendline drawn in).

Ive closed my trade on this as its broken through and was not really happy with this trade due to the RSI. So small loss.



If you look at the RSI you can see that it broke the trend line early. For the price to have a good chance of bouncing of the trend line its best if the RSI bounces of its trend line.


Heres an example of what im on about



from this chart you can see how the RSI actually bounced of the trend line early. So this gives the trade to go long a better chance.

The above is a good example of what to look for when trading the first attempt trade of a trend line.

This is bang on the main up trend line..Im long on the first attempt basis trade. My stop is 10 points so small risk.
From the interesting chart section