WEIR bounced

I did. I think I got something like 1796 or so. The other thing I noticed was the trend on the RSI on the daily chart. Hope you can see it here. Once it approached that level I took the profit. I was thinking the target could have been as high as 1830, but didn't want to be greedy. I didn't short it (although it crossed my mind)as I'm committed reasonably heavily elsewhere. Nice trade. All in all so thanks to whoever it was that posted it.

screencast.com/t/mO3b7vxJ

Hi Shotry

Did you sell as it approached 1800? When it hit this mark - a nice round figure - it also hit the descending line for the daily RSi. I have shorted this 1787 with a stop just over at 1805 with a target of 100 points - just before it hits the rising support. It may be stuck in a triangle. It has moved in my favour, currently 1776, although I might yet be wrong.

weir just filled the gap and bounced real quickly.
I was lucky enough to have an order near the gap to go long. Well not luck.

dl.dropbox.com/u/4899609/weir29thoct.png

Hi

Just looked at this on iii charts. The daily RSi is falling - might a sell be best executed when the RSI hits the falling trendline? I have not traded this but might try a short when that happens especially if it coincides with a particular touch of a level like 1780/90 or upper bollinger. I would then close the trade when the gap is touched (say 1709). Still looking and learning.

yep.Thats a good level to aim for
remo

I've taken this one too, but only in a small way. I started with the stop around 1685 and have moved that up to 1695. I was looking at a target of 1800-1835. Does that sound reasonable to you guys?